📉 DOT — SHORT-TERM RETRACEMENT & MA SUPPORT TEST! 🔻
$DOT is trading lower at 1.1372 (-4.65%, or roughly Rs314.87), moving within an active 24-hour range between a high of 1.2126 and a low of 1.1255. Price action on this 4-hour chart displays a corrective pullback following a rejection from higher structural resistance zones, currently slipping beneath the fast MA(7) (1.1633) and MA(25) (1.1459) lines while testing levels just under the macro structural MA(99) (1.1810) band.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1.0800–1.1300 (on confirmed volume absorption and structural defense near local swing lows)
🛑 STOP LOSS: 1.0350
🎯 TP1: 1.2200
🎯 TP2: 1.3000
Are you watching for a strong defense and reversal bounce off these support levels on Polkadot, or waiting for a clean reclaim of the short-term moving averages? Let's discuss below! 👇
👉 Trade: $DOT
#Polkadot #DOT #cryptotrading #BinanceSquare #bearish
$DOT is trading lower at 1.1372 (-4.65%, or roughly Rs314.87), moving within an active 24-hour range between a high of 1.2126 and a low of 1.1255. Price action on this 4-hour chart displays a corrective pullback following a rejection from higher structural resistance zones, currently slipping beneath the fast MA(7) (1.1633) and MA(25) (1.1459) lines while testing levels just under the macro structural MA(99) (1.1810) band.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 1.0800–1.1300 (on confirmed volume absorption and structural defense near local swing lows)
🛑 STOP LOSS: 1.0350
🎯 TP1: 1.2200
🎯 TP2: 1.3000
Are you watching for a strong defense and reversal bounce off these support levels on Polkadot, or waiting for a clean reclaim of the short-term moving averages? Let's discuss below! 👇
👉 Trade: $DOT
#Polkadot #DOT #cryptotrading #BinanceSquare #bearish