🔥 $DOT deep in this ugly downtrend, hugging those fresh lows like it's too tired to drop more, but man, the charts are whispering some counter-punch potential if you're quick on the draw.
Volume tells the grim tale: Those monster spikes, like the 227M bomb back in late August, hit right on the plunges—pure panic selling, folks bailing out. Lately though? It's mellowed to average levels, no fresh dumpers piling on. That's the kind of exhaustion signal that often teases a breather or even a snap-back before the bears reload.
Flows are a messy tug-of-war: Big-time outflows crushing it long-term (-5.6M spot, -18.7M contracts over 24H to 7D), straight fuel for the slide. But hey, those short bursts—5m up to 8H on contracts flipping green? Looks like bargain hunters dipping toes in at these dirt prices, trying to call the bottom. Short-term bulls vs. macro bears—classic crypto drama.
My gut $DOT : Cautiously bullish on a quick rebound play, nothing more. Oversold as hell (RSI screaming, KDJ begging for mercy), price kissing the lower Bollinger, plus those inflow nibbles? High odds for a technical pop, but remember, this is just a hiccup in the bigger bleed—trade it light.
Entry-wise: Scale in slow on any wiggle down to 1.70-1.69 (that Support zone's your friend). Or get feistier on a 1H/4H close over MA5 around 1.79, maybe with a KDJ golden cross to seal the deal.
Stop? Nail it under the swing low at 1.65, keeps you safe without choking the trade.
$DOT Targets: Grab first profits at Resistance 1.86, or ride to that Bollinger mid/20-day MA mashup at 1.96 if it heats up. Scale out, don't cling.
Risk's real here—downtrend's boss, so tiny positions only. You sniffing this bounce or sitting the fire out? #dot #Dotusdt #Polkadot
