$DOT /USDT – SHORT-TERM PULLBACK LIKELY AFTER REJECTION AT $4.23 📉
DOT rallied from $3.817 to $4.234 but faced immediate rejection near the top, signaling buyer exhaustion. If price stays below $4.18–$4.20, a corrective move could unfold in the short term.
Trade Setup (Short):
Entry Zone: $4.14 – $4.18
Take Profit 1: $4.05
Take Profit 2: $3.98
Take Profit 3: $3.90
Stop Loss: $4.24
Market Outlook:
While the higher timeframe trend remains bullish, the intraday move is overextended. A dip toward $3.98–$3.90 would help reset momentum before the next bullish attempt.