DOT/USDT - Short Trade Setup in Play
Current Price: $4.606
Final Target: $4.477
Market Structure Insight
DOT has faced a strong rejection from the recent high of $4.773, indicating increasing selling pressure. The hourly chart is forming lower highs and bearish engulfing candles, signaling a shift in short-term momentum to the downside.
Trade Setup
• Entry Zone: $4.610 - $4.630 (on a lower high retest)
• Stop Loss: Above $4.685
• Final Target: $4.477
Strategy Notes
• This setup is ideal for short scalpers looking to trade a clean retracement toward key support.
• Watch for a price reaction near $4.545—partial profits can be considered at this level.
• A stronger confirmation for the short trade would be increasing selling volume during the decline.
• Risk management is crucial—keep your position size controlled and adjust the stop-loss as the trade progresses.
This setup is based on weakening upward momentum and an expected corrective move. Stay disciplined and monitor price action closely.