$DOT /USDT - Smashing Targets Beyond Expectations! 🚀🔥

$DOT /USDT BEARISH BREAKDOWN - WILL THE SUPPORT HOLD?

Polkadot ($DOT) is testing critical support, and a bearish breakdown seems imminent as sellers dominate the market. The price currently stands at $6.227 (-2.20%), and a failure to hold this level could trigger further downside movement.

🔑 Key Levels:

Resistance: $6.336 and $6.418

Support: $6.238 (testing) and $6.135

Critical Breakdown Level: $6.200

📉 Trade Setup (SHORT):

Entry: $6.230 - $6.240 (on a retest of broken support)

TP1: $6.135

TP2: $6.094

SL: $6.336 (above the resistance zone)

📊 Market Outlook:
$DOT is showing weakness after multiple failed attempts to reclaim higher levels. A decisive close below $6.200 could open doors for further declines. Watch out for increased selling pressure if the price remains below the key support zone.

⚠️ Risk Management:
Always use stop-loss to protect capital. Risk only 1-2% of your portfolio on this trade, and adjust positions accordingly.

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