The DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally.

I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the position at the BU/ LPS .

The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes.

Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust ( FUT ), selling climax ( SC ), sign of strength (SOS), back up (BU), last point of support ( LPS ), last point of supply (LSPY).

This is not financial advice. I am not your financial advisor. This is my opinion.