$DOT /USDT FACES STRONG REJECTION — BEARISH MOVE INITIATED FROM RESISTANCE ZONE
$DOT /USDT attempted to break above the resistance around $4.37, but strong selling pressure pushed it back, forming a clear rejection wick and initiating a downward move. This signals the start of a bearish retracement as buyers fail to hold higher levels.
Trade Setup:
Short Entry: 4.237
Take Profit (TP): 4.184
Stop Loss (SL): 4.325
Market Outlook:
The chart reflects short-term exhaustion after a solid upward leg. If the resistance continues to hold, DOT could see further downside movement towards the $4.10-$4.00 support area. Watch for increased volume confirmation to strengthen the short bias.
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