$DOT Slides Below $4.00 – Bears Show Strength
$DOT is trading at $3.971 after a sharp drop below the $4.00 mark. This breakdown indicates increased selling pressure and loss of short-term momentum. If the price fails to reclaim $4.00 quickly, further downside toward $3.90 is likely. Bulls need a strong bounce above $4.02 to regain control.
Trade Setup (Short Bias):
Entry: $3.97 – $4.00
Stop Loss: Above $4.05
Target: $3.90