Is $DOT still going down? Hereโs a bearish continuation setup ๐
Continuation | ๐ Sell
๐ฐ Current price: 1.117
๐ 24h range: 1.093 โ 1.230
๐ฆ 24h volume: $19.99M USDT
๐ Technical indicators:
Current price: 1.117 โ trading clearly below the MA60 (1.123) โ ๏ธ
Structure: Strong bearish impulse. The price had been consolidating sideways above the MA60, but the last candle broke support with a peak of selling volume (Local DOT volume: 68.8K).
๐ Entry zone (Short/Sell): 1.117 โ 1.122
๐ Stop loss: 1.126 (Above the dynamic MA60 resistance)
๐ฏ Target 1: 1.110
๐ฏ Target 2: 1.100
๐ฏ Target 3: 1.093 (24h low)
๐ Confidence: 86%
Technical note: The pair is accumulating a strong daily loss of -8.44%. The violent break of the local dynamic support indicates that selling pressure has taken absolute control, opening the door to go after the liquidity trapped at the daily low of 1.093.
$DOT
Click here to trade ๐
#BinanceSquare #PublicayGana #white2Earn
Continuation | ๐ Sell
๐ฐ Current price: 1.117
๐ 24h range: 1.093 โ 1.230
๐ฆ 24h volume: $19.99M USDT
๐ Technical indicators:
Current price: 1.117 โ trading clearly below the MA60 (1.123) โ ๏ธ
Structure: Strong bearish impulse. The price had been consolidating sideways above the MA60, but the last candle broke support with a peak of selling volume (Local DOT volume: 68.8K).
๐ Entry zone (Short/Sell): 1.117 โ 1.122
๐ Stop loss: 1.126 (Above the dynamic MA60 resistance)
๐ฏ Target 1: 1.110
๐ฏ Target 2: 1.100
๐ฏ Target 3: 1.093 (24h low)
๐ Confidence: 86%
Technical note: The pair is accumulating a strong daily loss of -8.44%. The violent break of the local dynamic support indicates that selling pressure has taken absolute control, opening the door to go after the liquidity trapped at the daily low of 1.093.
$DOT
Click here to trade ๐
#BinanceSquare #PublicayGana #white2Earn
