🔴 DOT/USDT – Approaching Key Short Zone
Polkadot (DOT) has formed a rising wedge after rebounding from local lows. Price is now facing a critical short zone near 3.897 – 3.985, where sellers may step in if DOT cannot sustain upward momentum.
Chart Formation: The rising wedge often indicates potential bullish exhaustion; a break below wedge support confirms a bearish bias.
Volume Consideration: Look for a surge in sell volume near entry levels to validate a short entry.
🔴 Short Position DOT/USDT
🎲 Entry Levels
Entry 1: 3.897
Entry 2: 3.985
✅ Take-Profit Targets
TP1: 3.798
TP2: 3.648
TP3: 3.472
TP4: 3.256 (extended downside if momentum persists)
❌ Invalidation Level: 4.131+
(A strong close above 4.00+ invalidates the short setup.)
🧠 Narrative: This wedge suggests a potential bearish retest if DOT fails to break higher. A rejection at 3.89 – 3.98 may send price to lower supports.
Market Context: Overall market sentiment and Bitcoin’s trend can influence DOT’s movement; a strong BTC rally could negate this setup.
⚠️ Risk Management: Place stops just above 4.131+, size positions carefully, and stay flexible if price action indicates continued strength above the wedge.
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