$DOT shows bearish bias on 4H despite a small 1.09% gain to $1.767. Price remains below all moving averages after declining from $2.40+ highs. Currently testing MA7 resistance at $1.768 with MA25 at $1.810 providing next barrier. Downtrend structure intact with lower lows forming. Volume is moderate at 348K. Needs a sustained break above $1.81 for reversal hopes.
For Long Position: TP1: $1.82 TP2: $1.90 TP3: $1.96
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$DOT shows bearish bias on 4H despite a small 1.09% gain to $1.767. Price remains below all moving averages after declining from $2.40+ highs. Currently testing MA7 resistance at $1.768 with MA25 at $1.810 providing next barrier. Downtrend structure intact with lower lows forming. Volume is moderate at 348K. Needs a sustained break above $1.81 for reversal hopes.
For Long Position:
TP1: $1.82
TP2: $1.90
TP3: $1.96
Stop Loss: $1.70
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