Crypto Trade Levels
Pair: $DOT (Perpetual)
Signal: SHORT (Looking for continuation of downtrend)
📉 Entry Zone (Short):
1.700 – 1.720
🎯 Short Targets (Take Profit):
1.660 (24h Low / Immediate)
1.630
1.600
⚔️ Stop Loss (for Short):
1.745 (Above recent consolidation & 24h High)
🟢 Long Consideration (Counter-trend / Aggressive Reversal):
Only if price holds and reclaims above 1.740
· Entry: 1.665 – 1.650 (for a bounce)
· Targets: 1.700, 1.720
· Stop Loss: 1.640
📊 Market Context & Rationale:
· Price broke below the 1.700 psychological support and is trading at 1.684, down -3.00% on the 1h.
· Strong rejection visible from the 1.764 high; the chart shows consistent lower highs.
· Volume is notable (~76M DOT), supporting the bearish momentum.
· The 1.660 level is the 24h low and immediate support. A break below opens path to 1.630–1.600.
· The structure suggests bearish continuation unless price reclaims 1.740–1.760.
🧠 Note:
This setup follows the current downtrend momentum. The short is favored unless there's a clear bullish reversal above 1.740. Always wait for confirmation at your entry zone.
⚠️ Disclaimer:
Crypto trading is risky. This is not financial advice. Use strict risk management and trade responsibly.
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