$DOT: Strong Rejection at Trendline Resistance: $DOT Short Entry
SHORT SETUP DOT
Entry: $1.1150 - $1.1250
Stop Loss: $1.1700
Take Profit: $1.0200 (2R)
Key Levels: Support $1.1000 | Resistance $1.2210
Technical Analysis for $DOT: DOT is deeply oversold with RSI at 19.5, but price remains below key EMAs. The MACD histogram is negative, confirming bearish momentum. While the orderbook shows bid support, the broader market is broadly negative. Watch for a break below the 1.10 swing low to confirm continuation, as resistance at 1.221 caps upside.
Market Context: Bitcoin is trading below its 4H EMAs with a mixed trend, while the overall market breadth is broadly negative at 83.1% red.
SHORT $DOT
SHORT SETUP DOT
Entry: $1.1150 - $1.1250
Stop Loss: $1.1700
Take Profit: $1.0200 (2R)
Key Levels: Support $1.1000 | Resistance $1.2210
Technical Analysis for $DOT: DOT is deeply oversold with RSI at 19.5, but price remains below key EMAs. The MACD histogram is negative, confirming bearish momentum. While the orderbook shows bid support, the broader market is broadly negative. Watch for a break below the 1.10 swing low to confirm continuation, as resistance at 1.221 caps upside.
Market Context: Bitcoin is trading below its 4H EMAs with a mixed trend, while the overall market breadth is broadly negative at 83.1% red.
SHORT $DOT
