๐ป DOT 1H โ Trend Still Weak, Key Support at Risk
$DOT is still moving in a clear bearish structure โ weak bounces, steady selling, nothing convincing from buyers yet. Price is sitting right above the 1.792 support, and if that level breaks, Iโm expecting a drop toward 1.753, maybe even 1.684 after that.
๐ What Iโm watching right now:
๐ 1.792 is the key line in the sand. Hold it, and DOT gets a chance to breathe. Lose it, and we likely slide lower.
๐ Price is hovering around the equilibrium of the recent swing, but thereโs no strong bullish signal yet.
๐ If we get a bounce:
If DOT manages to reclaim and hold above 1.818 with strong candles, then a short-term relief move can push up to:
โก๏ธ 1.854
โก๏ธ 1.872
But let's be honest โ this would still be just a corrective bounce unless structure shifts.
๐ Trade setups Iโm considering:
Short setup:
๐ Look for rejection around 1.818โ1.854
๐ Targets: 1.792 โ lower levels
๐ Stop-loss above the recent swing high
Long setup (only with real confirmation):
๐ Wait for a liquidity sweep below 1.792 followed by a sharp reclaim
๐ Targets: 1.818 โ 1.854
๐ Stop-loss at the fresh swing low
๐ฏ My view
Bias stays bearish unless $DOT shows real strength above 1.818.
Until then, shorting bounces makes more sense than trying to catch a bottom.
