$DOT Bullish Reversal Brewing or Just a Bounce🤔🔐👇
Current Price: 0.0000444 BTC
Chart Timeframes: 1H & 1D
Trend Structure:
1H Chart: Bullish BOS (Break of Structure) observed with multiple CHoCH (Change of Character) signals, indicating an intraday attempt to push higher.
1D Chart: After a strong previous selloff, price is holding above the 0.0000440 zone, consolidating near the 50 EMA with early signs of bottoming.
Current Candle Formation:📊
1H forming tight-bodied green candles inside a resistance block, showing indecision or absorption.
1D showing a possible morning star pattern formation near a key support zone.
Support & Resistance Zones:🪴📈
Immediate Resistance: 0.0000448–0.0000455 BTC
Key Support: 0.0000433–0.0000420 BTC🔑
Indicators Insight:🧑🏫
Stochastic RSI on both 1H and 1D has turned upward from the oversold region, supporting bullish continuation potential.
Trade Strategy: Bullish💥
Entry: Current zone around 0.0000440 BTC (retest )✅
Target 1: 0.0000455 BTC🎯
Target 2: 0.0000470 BTC🎯
Stop-Loss: 0.0000428 BTC☣️
Trade Duration: Short-term scalp to mid-term swing (6–24 hours)⌛
Global Sentiment & News:🌍🔰
Altcoins are regaining strength amid Bitcoin's sideways consolidation. $DOT has shown relative strength in its BTC pair due to renewed interest in cross-chain communication and parachain news updates from the Polkadot ecosystem.
Takeaway:🧑🏫
A reversal might be brewing on the $DOT /BTC pair as long as the 0.0000433 BTC zone holds firm. Watch for a clean break and close above 0.0000450 for bullish confirmation.
👨❤️👨"Don’t predict the trend. Prepare for the setup and let price prove it."
Disclaimer:⚠️
This is a technical analysis-based idea and not financial advice. Always DYOR and manage your risk.