📊 Market Context ($DOT /USDT)
• Current Market Price: ~$1.31
• 24h Range: $1.28 – $1.34
• Trend: Polkadot has been under pressure recently (down about 15% over the last week), but it is currently hovering near a identified support zone around $1.28–$1.30.
💡 Observations
1. Risk/Reward: Your final target ($1.377) offers a nearly 1:1 risk-to-reward ratio. While TP 1 is a safe "scalp" target, the real meat of the trade is at TP 2, which aligns with recent resistance seen on February 7th and 8th.
2. Support Strength: The $1.28 level has held as immediate support today. Your Stop Loss at $1.237 is well-placed below the recent "flash" low of $1.11 seen on February 6th, giving the trade some room to breathe.
3. Sentiment: The broader market is currently in a state of "Extreme Fear" (Index at 14), which often precedes these types of technical bounces.
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