$DOT USDT: Bearish retest incoming - Short selling in the supply area
After a sharp decline, the USD/USD/USDT pair is now retesting the broken support level at 3.52-3.54 as new resistance. The price has formed a corrective upward movement, but the overall trend remains bearish. Unless the bulls break the 3.54 level, sellers are likely to regain control to continue the downward movement.
🔻 Trade setup - Short sell signal
• Entry area: 3.48-3.53
• Take profit:
• TP1: 3.42
• TP2: 3.38
• Stop loss: 3.537
• Margin: 2-3% of the portfolio
• Leverage: 10x
📉 Market outlook:
Momentum is slowing as the price approaches a key resistance area. This is a traditional bearish retest pattern, where failed breakout attempts indicate strong selling pressure. A breakout below the 3.45 level confirms price continuity.#dot #IsraelIranConflict #GENIUSActPass #DAOBaseAIBinanceTGE #PowellVsTrump