$DOT : NOV 8 LOW BREAKS, 10-WEEK LOW IN PLAY
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📊 Binance DOTUSDT at 20:37 Riyadh: 0.839, -4.3% in 24h (range 0.831-0.880).
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⚡ What happened: the 18:00 1H candle was rejected at 0.870 and closed through the Nov 8 low of 0.842. The 19:00 candle followed to 0.831, DOT's lowest level since the Aug 31 low of 0.828.
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📐 Structure: lower highs on 1H and 4H. Price is under 1H EMA20 0.855, EMA50 0.866 and EMA200 0.908, and far under 4H EMA200 1.008.
🚫 Why no setup: a retest short at 0.842 needs a stop above the 0.870 swing plus 0.3×ATR (about 0.874). That is 0.032 of risk, while the next tested level, the Aug 30 low of 0.808, is only about 1R away. Longs have no reclaim yet.
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👀 Watching: a 1H close back above 0.842 would make this a failed breakdown with 0.870 next. Losing 0.828 opens 0.808.
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Not financial advice. DYOR.
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$DOT #Polkadot #CryptoAnalysis #BinanceSquare
⠀
📊 Binance DOTUSDT at 20:37 Riyadh: 0.839, -4.3% in 24h (range 0.831-0.880).
⠀
⚡ What happened: the 18:00 1H candle was rejected at 0.870 and closed through the Nov 8 low of 0.842. The 19:00 candle followed to 0.831, DOT's lowest level since the Aug 31 low of 0.828.
⠀
📐 Structure: lower highs on 1H and 4H. Price is under 1H EMA20 0.855, EMA50 0.866 and EMA200 0.908, and far under 4H EMA200 1.008.
🚫 Why no setup: a retest short at 0.842 needs a stop above the 0.870 swing plus 0.3×ATR (about 0.874). That is 0.032 of risk, while the next tested level, the Aug 30 low of 0.808, is only about 1R away. Longs have no reclaim yet.
⠀
👀 Watching: a 1H close back above 0.842 would make this a failed breakdown with 0.870 next. Losing 0.828 opens 0.808.
⠀
Not financial advice. DYOR.
⠀
$DOT #Polkadot #CryptoAnalysis #BinanceSquare
