🚨 $DOT The downtrend is clearly evident with potential for a short-term technical bounce
Recent hourly candles have shown significant selling volume (7.7M at a low of 1.831), indicating capitulation. However, the most recent candle has minimal volume, suggesting a possible pause in selling.
Cash flow: Stable net outflow in both spot and futures markets across multiple time frames (-274k in 24h futures, -54M in 7D spot) confirms bearish momentum. Short-term outflow (-191k in 5m) aligns with recent downtrends.
Direction: Short selling with readiness for a long buy if key supports hold
Enter at $DOT
• Short position on any bounce towards 1.86 or 1.886 (resistance zone).
• For long buys, wait for a confirmed hold above 1.825 (support level)
Stop loss: for a short sell at 1.86, stop at 1.92; for a long buy at 1.825, stop at 1.770
Price target $DOT
• For short selling: 1.80 or lower.
• For long buying: 1.86 - 1.88
Support me just click below to trade 👇 Congratulations.
