DOT is currently showing clear signs of exhaustion as it struggles to reclaim lost ground, with price action remaining firmly trapped below key moving averages. We are seeing a classic bearish pullback on the 1H timeframe, where the market is attempting to retest resistance before likely continuing its downward trend. The 15M chart is currently in a tight squeeze, suggesting that volatility is coiling up for the next directional move. Given the alignment across the higher timeframes, the path of least resistance remains to the downside.
📌 DOT | SHORT SETUP 📉
Trade Plan:
🎯 Entry: 1.1810 - 1.1863
🛑 SL: 1.2028
✅ TP1: 1.1664
✅ TP2: 1.1480
✅ TP3: 1.1296
Why this setup?
- 4H and 1H are aligned bearish.
- 1H is pulling back into a sell continuation zone (EMA20/Fib).
- 15M squeeze while still below EMA20.
- MACD 15M confirms bearish momentum.
- RSI remains in a bearish regime.
📊 Bias Confidence: 72% | Execution Confidence: 82% | RR: 1.52 | Setup Quality: LOW
Trading crypto involves high risk; always manage your position size and use stop-losses.
⚠️ Personal view only. Manage risk and position size before entry.