The $DOTUSDT pair is sitting right on the edge of a cliff, with the price hovering around 1.2820, and I'm watching for a sweep of the recent high at 1.2956 to confirm the bearish trend. The zone between 1.28 and 1.30 is a perfect OB+FVG Sandwich zone, where the smart money is likely to be waiting to short the pair.
From a technical standpoint, the higher time frame is showing a clear bearish trend, with the RSI sitting at 25, indicating that the pair is heavily oversold. The volume is relatively low, at 0.2x, which suggests that the move down is not being driven by strong selling pressure, but rather by a lack of buying interest. The SMC Score is at 3.3/10, which further confirms the bearish bias.
Here are the trade levels:
- Entry: 1.2720
- TP1: 1.2327 (RR 1.7x)
- TP2: 1.1738 (RR 4.2x)
- SL: 1.2956
I'm expecting a short squeeze to the downside, with the first target at 1.2327. Keep a tight stop and watch for any signs of bullishness, as the trend can change quickly.
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