$DOS is showing signs of weakening after its recent upward move, and a deeper correction could follow if buyers fail to regain momentum. I’m watching the support levels closely for a potential continuation to the downside, but I want to see a confirmed breakdown before considering the setup active.
$DOS SHORT WATCH
TP1: $0.255
TP2: $0.245
TP3: $0.240
SL: $0.270
The rally appears to be losing strength, but a pullback alone does not confirm a trend reversal. A decisive breakdown with sustained selling pressure would strengthen the bearish scenario. If buyers regain control, the downside outlook needs to be reassessed.
Would you wait for a confirmed breakdown or expect another bullish bounce?
DYOR (Do Your Own Research). Educational purposes only, not financial advice.
$DOS SHORT WATCH
TP1: $0.255
TP2: $0.245
TP3: $0.240
SL: $0.270
The rally appears to be losing strength, but a pullback alone does not confirm a trend reversal. A decisive breakdown with sustained selling pressure would strengthen the bearish scenario. If buyers regain control, the downside outlook needs to be reassessed.
Would you wait for a confirmed breakdown or expect another bullish bounce?
DYOR (Do Your Own Research). Educational purposes only, not financial advice.