🚨 $DOT BOUNCE OR BREAKDOWN NEXT? 🔍💣
Polkadot is at a critical short-term decision point, currently hovering around $4.077.📉 The chart reveals a persistent downtrend with lower highs forming, signaling increasing bearish pressure. 🔻
$DOT is retesting a key support level, which has held a few times in recent sessions. If the bulls can defend this zone, we could see a relief bounce toward the $4.15–$4.21 zone. However, if the level breaks, especially on high volume, it could trigger a deeper flush below $4.05 or lower.⚠️
💼 🎯 Trade Setup: Short-Term Plan
• Entry Zone: $3.950 – $4.080
• Take Profit 1: $4.15
• Take Profit 2: $4.21
• Take Profit 3: $4.31
• Stop Loss: Below $3.896
⚖️ Risk/Reward looks decent here if the support holds, but be quick to cut if the level fails. Remember, this is a scalp-to-intraday play, not a long-term hold.
📌 Pro Tips:
• Watch for a bullish engulfing candle or RSI divergence on the 5-15 min chart for confirmation.
• Manage risk tightly — fakeouts are common in chop zones.
• Volume spike on the bounce = added conviction.
📅 Stay alert — next move could be swift! 🕵️♂️💥