🚀 $DOT
SHORT SETUP 🚀
DOT ran from $1.0075 up to $1.2965, then stalled and has been printing lower highs. Price just broke down out of its tight range and is now sitting under the 25 MA with a string of red candles. I’m watching for a short on a bounce back into the resistance zone, not chasing the current candle. 📉
Entry: $1.2480 – $1.2550
TP1: $1.2350
TP2: $1.2200
TP3: $1.1950
SL: $1.2680
🔻 Why DOT is on watch:
Price ($1.2367) has slipped under the 25 MA ($1.2506) and is hugging the 7 MA ($1.2371), which is flattening and turning down. The 25 MA now sits overhead as resistance The structure shows a failed push at $1.2965 followed by lower highs, and the recent range support near $1.2300 just gave way, so this looks like a rollover after an extended pump The last candles are small and red on fading volume, a sign the bounce is weak and buyers are losing momentum The $1.2280 to $1.2300 area is the first support, with the rising 99 MA ($1.1697) as the bigger downside magnet. A 1H close under $1.2280 would confirm sellers are in control
⚠️ The 99 MA is still sloping up, so this is a counter-trend pullback trade. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
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SHORT SETUP 🚀
DOT ran from $1.0075 up to $1.2965, then stalled and has been printing lower highs. Price just broke down out of its tight range and is now sitting under the 25 MA with a string of red candles. I’m watching for a short on a bounce back into the resistance zone, not chasing the current candle. 📉
Entry: $1.2480 – $1.2550
TP1: $1.2350
TP2: $1.2200
TP3: $1.1950
SL: $1.2680
🔻 Why DOT is on watch:
Price ($1.2367) has slipped under the 25 MA ($1.2506) and is hugging the 7 MA ($1.2371), which is flattening and turning down. The 25 MA now sits overhead as resistance The structure shows a failed push at $1.2965 followed by lower highs, and the recent range support near $1.2300 just gave way, so this looks like a rollover after an extended pump The last candles are small and red on fading volume, a sign the bounce is weak and buyers are losing momentum The $1.2280 to $1.2300 area is the first support, with the rising 99 MA ($1.1697) as the bigger downside magnet. A 1H close under $1.2280 would confirm sellers are in control
⚠️ The 99 MA is still sloping up, so this is a counter-trend pullback trade. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!