$DOT /USDT BEARISH RETEST UNDERWAY š» | TECHNICAL ANALYSIS ALERT
š Current Price: $5.44
š» 6H Trend: Breakdown from key moving averages (MA/EMA)
š KEY LEVELS TO WATCH
š„ Resistance Zones:
⢠$5.75 ā Rejected Twice, Strong Supply Zone
⢠$6.20 ā Critical Resistance for Reversal š«
š© Support Zones:
⢠$5.20 ā Local Support
⢠$4.85 ā Breakdown Trigger ā ļø
⢠$4.50 ā High-Timeframe Demand Zone
š TRADE SETUP ā SHORT ENTRY
šÆ Entry Zone: $5.50 ā $5.65 (Retest of broken support)
šÆ Take Profits (TP):
⢠TP1: $5.20
⢠TP2: $4.85
⢠TP3: $4.50
š Stop Loss (SL): $5.78 (Above resistance zone)
āļø Risk/Reward: ~2.5x ā
š”ļø RISK MANAGEMENT
š Risk max 1ā2% per position
š Use tight SL & monitor for bounce at $5.20
š Don't short into major news events ā ļø
š¢ Trend Signal: Bearish below $5.75
š Watch for rejection candles & declining volume on retests
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