Range compression near support… breakout or breakdown incoming.
$DOT /USDT – LONG (Structure Reclaim Setup)
Trade Plan
Entry: $1.255 – $1.275
SL: $1.228
TP1: $1.305
TP2: $1.355
TP3: $1.400+ (if breakout confirms)
Why This Setup?
4H Structure: After rejection from $1.35, price formed lower highs but now stabilizing above $1.25 zone. Signs of base formation instead of continued sell-off.
Price Positioning: Holding near MA(99) ~$1.258 → strong dynamic support. Multiple wicks below showing buyer absorption.
MA Context: MA(7) starting to flatten near price → early signal of momentum shift. A reclaim above MA(25) ($1.29) will confirm bullish structure recovery.
RSI Behavior: RSI recovering from lower levels → potential shift from bearish to neutral-bullish zone.
Volume Insight: Selling pressure decreasing, smaller red candles → suggests sellers losing strength near support.
Daily Context: Still in a broader range, but current zone acting as demand. If $1.25 holds, probability increases for move back toward $1.35 liquidity.
As long as $1.25–$1.26 holds, buyers have a chance to push price back toward range highs.
Debate:
Is this accumulation before a move back to $1.35+…
Or will failure at $1.25 trigger another drop toward $1.20?
Trade $DOT here 👇
