🔍 Polkadot (DOT/USDT) Technical Breakdown
Currently analyzing DOT/USDT, and when we zoom out to the higher timeframes (📆 weekly and daily), it’s clear that price remains in a macro bearish trend 📉. We’ve recently seen a deep retracement into the upper end of the range — a region I would classify as premium pricing 💰.
Despite the recent bullish momentum 🔼, I'm exercising caution when it comes to long positions. From a value perspective, this isn’t where I want to be buying. Instead, my bias leans bearish — but only if specific criteria are met. ✅
I'm watching closely for a clear break of the current range, ideally with:
1️⃣ A market structure break
2️⃣ Strong price displacement (to confirm intent)
3️⃣ A shift in order flow and momentum to support a downside move 🚨
These concepts are influenced by a blend of Wyckoff theory and ICT (Inner Circle Trader) principles 🧠, which I walk through in detail in the video.
📚 As always, this is for educational purposes only — not financial advice. 💼❌