Bias: Bullish reversal
DOT has formed a clean inverse Head & Shoulders on the 4H timeframe, which typically signals a trend shift after a prolonged downtrend. The left shoulder and head show seller exhaustion, while the right shoulder confirms higher lows and improving buyer strength. Price has now reclaimed the neckline zone around 1.95–2.00, turning it into short-term support.
This move was impulsive, suggesting real participation rather than a weak bounce. A brief pullback or consolidation above the neckline is healthy and expected before continuation.
Trade Plan
Entry: 1.92
Invalidation: Below 1.88 (loss of right shoulder support)
Targets
TP1: 2.05 (local resistance)
TP2: 2.20 (measured move from pattern)
TP3: 2.30+ if momentum expands
Risk Notes
Avoid chasing extended candles. Best entries come on patience and confirmation. As long as DOT holds above the neckline, bullish structure remains intact.
#CryptoTradingInsights #altcoinscrash #DOT $DOT
