$DOT /USDT Analysis – Short Opportunity After Strong Rally! šŸ”„šŸ’Æ

$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: $4.95–5.00

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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