📉 $DOT/USDT — Breakdown Structure, Pattern Still Consistent
The market briefly broke down from the rising wedge, then bounced hard and is now retesting the same supply zone.
The structure remains consistent in the distribution phase:
🔺 Active distribution pattern
♻️ Recycle retest of the previous distribution area
📌 Potential seller reaction may emerge again
Upper wicks are starting to appear — signals that buyers are running out of strength, and sellers are starting to take over.
Further reinforced by the emergence of a bearish flag, which usually triggers a deeper decline.
🎯 Target 1: 3.686–3.612
🎯 Target 2: 3.391–3.255
Scenarios can be flexible, but as long as lower highs continue to form, the bias remains down.
⚠️ This is why it's important to learn the basics of Technical Analysis before diving too deep into sentiment and fundamentals.
Because structure is the foundation where data and market psychology lie.
📉 TA is not just about drawing lines. It's a way to read the market story that isn’t visible on the surface.
😏 For those who still say TA is an illusion, or that the data is useless, maybe they just haven't understood how to read it. Or they're too lazy to think.
📌 Us? Just be patient reading the structure. Execute when the moment comes.
Follow @bazay if you want to learn trading the right way:
One structure. One opportunity. One moment.