$DOT : Warning, There is a Potential Decline!
Let's take a look at the DOT/USDT 15-minute chart.
Strong Resistance: $DOT has a hard time breaking the $4.088 - $4.099 area. Every time it gets there, it immediately bounces back down.
Downward Pattern: It looks like $DOT is forming a downward pattern, with lower highs.
Important Support: Pay attention to the $3.948 level. This is the last support.
What Does It Mean?
If DOT breaks below $3.948, the price is likely to drop further, possibly to around $3.900 or lower.
Simple Advice:
Ideal entry if the price retests the $4.060โ$4.088 area and fails to break out of resistance.
Target (TP): $3.950 to $3.900.
Stop Loss (SL): Above $4.100 (invalidates bearish structure)
Always DYOR (Do Your Own Research) and manage your risks!
