$DOT The 1H timeframe has entered a healthy correction after a sharp surge, with the price building a support level around 1.58. The large bullish candle on the 4H timeframe confirms a reversal trend, and the current pullback presents a second opportunity for bulls to enter. Open interest remains stable, with no signs of large-scale profit-taking, indicating a clear intention by the main force to support the market.


🎯Direction: Long (Long)
🎯Entry/Order: 1.575 - 1.580 (Reason: 1H EMA20 dynamic support zone, current price is at the support level)
🛑Stop Loss: 1.555 (Reason: Break below the previous low of the 1H support level and ATR lower band)
🚀Target 1: 1.650 (Reason: Previous high resistance and 4H Fibonacci 0.618 retracement level)
🚀Target 2: 1.750 (Reason: Break above previous high, aiming for the 4H previous high resistance)
🛡️Trade Management:
- Position size suggestion: Standard position (Reason: 4H trend established, 1H correction in place, favorable risk-reward ratio)
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss up to entry level 1.580. Hold remaining position to target 2, and if the price falls below the trailing stop, exit decisively.
Deep logic: After a 24% surge in 24 hours, the price has not fallen significantly, indicating strong buying support. The 1H RSI(57.69) has healthyly retreated from the overbought zone, preparing for another upward move. Market depth data shows unusually thick buy orders in the 1.56-1.57 range, forming a strong support wall. Open interest remains stable during consolidation, indicating this is not profit-taking but bullish handover. Combined with positive funding rates, market sentiment is bullish but not overheated, making it suitable for a secondary rally after a pullback.
View real-time market 👇 #Gate广场发帖领五万美金红包 $DOT
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