Broken shelf flipped resistance — the bounce is noise.
🔴 $DOT - SHORT
Trade Plan:
Current Price: ~0.9370
Entry Zone: 0.9450 – 0.9700
SL: 0.9950
TP1: 0.9150
TP2: 0.8900
TP3: 0.8550
DOT is stuck at 0.937 after a 3.5% weekly decline, with the weekly MACD and ADX both flashing sell and price unable to reclaim the 0.996 resistance. The 0.9450–0.9700 retest zone is the broken support shelf that flipped into resistance, and the 4H EMA50 at 0.9650 is sloping down. Volume profile shows the heaviest node at 0.935–0.980 where buyers from the failed breakout are trapped. RSI at 44 is weak without being oversold — room for another leg lower. A 4H close above 0.9950 invalidates the bearish structure.
Fading the 0.9450–0.9700 retest or waiting for 0.9150?
Click below for trade 👇
DYOR & manage risk!
$DOT
🔴 $DOT - SHORT
Trade Plan:
Current Price: ~0.9370
Entry Zone: 0.9450 – 0.9700
SL: 0.9950
TP1: 0.9150
TP2: 0.8900
TP3: 0.8550
DOT is stuck at 0.937 after a 3.5% weekly decline, with the weekly MACD and ADX both flashing sell and price unable to reclaim the 0.996 resistance. The 0.9450–0.9700 retest zone is the broken support shelf that flipped into resistance, and the 4H EMA50 at 0.9650 is sloping down. Volume profile shows the heaviest node at 0.935–0.980 where buyers from the failed breakout are trapped. RSI at 44 is weak without being oversold — room for another leg lower. A 4H close above 0.9950 invalidates the bearish structure.
Fading the 0.9450–0.9700 retest or waiting for 0.9150?
Click below for trade 👇
DYOR & manage risk!
$DOT
