$DOT /USDT Analysis ā Short Opportunity After Strong Rally! š„šÆ
$DOT is trading at $4.949, showing signs of slowing momentum after a sharp 10.25% gain in the last 24 hours. The price recently touched a high of $5.039 but is struggling to hold above the $5.00 resistance level. This could be an early sign of a short-term correction, especially after such a steep move.
With overbought conditions and a rejection near resistance, a short trade setup is developing.
Short Entry: $4.95ā5.00
Target 1: $4.78
Target 2: $4.62
Stop Loss: $5.10
Watch for a breakdown on the 15m or 1h chart with increasing sell volume. This is a short-term play within a potentially broader uptrend, so keep stops tight and manage risk accordingly.
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