Bit_Guru
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Bearish
$DOT Plays Out the Double Top Formation!
As predicted, Polkadot ($DOT) hit strong resistance near $9.20, forming a classic Double Top pattern. 📉💯
🔎 Key Analysis:
Double Top signals a potential trend reversal.
Rejection Zone: ~$9.20 (highlighted resistance).
Current Support: ~$8.60 – watch this level closely for potential breakdown or bounce.
The rejection confirms bearish momentum, and sellers took control after the second top. Always trust the charts – patterns don’t lie! 📊
⚠️ Next Steps for Traders:
Watch for $8.60 support to hold or break.
Short-term bears may look for downside continuation.
Bulls need volume and momentum to reclaim $9.20.
Stay sharp, trade smart! 🔥
#DOT #Polkadot #Crypto
As predicted, Polkadot ($DOT) hit strong resistance near $9.20, forming a classic Double Top pattern. 📉💯
🔎 Key Analysis:
Double Top signals a potential trend reversal.
Rejection Zone: ~$9.20 (highlighted resistance).
Current Support: ~$8.60 – watch this level closely for potential breakdown or bounce.
The rejection confirms bearish momentum, and sellers took control after the second top. Always trust the charts – patterns don’t lie! 📊
⚠️ Next Steps for Traders:
Watch for $8.60 support to hold or break.
Short-term bears may look for downside continuation.
Bulls need volume and momentum to reclaim $9.20.
Stay sharp, trade smart! 🔥
#DOT #Polkadot #Crypto
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