traders might want to enter long positions, targeting higher resistances with stop-loss orders set just below the breakout point.

1. Retracement Buy: For more conservative traders, waiting for a pullback towards the $4.50 support level could present an ideal scenario to enter the market with lower risk exposure while looking for longer-term gains.

2. Monitor Bitcoin's Influence: As highlighted by the Bitwise acquisition, Bitcoin's performance will likely affect DOT and other altcoins. Staying attuned to BTC price movements can provide insights into potential shifts in DOT’s trading direction.

In conclusion, the intersection of recent institutional investments and the current DOT price movements presents a promising landscape for traders and investors. By aligning strategies with market sentiment and technical indicators, opportunities may arise for profitable trades as the cryptocurrency market continues to evolve. As always, prudent risk management and ongoing market analysis will be key in navigating this dynamic environment.