Post
nisha_pomi
nisha_pomi
$DOT stuck at a key level — breakout or breakdown next? DOT has been moving sideways for a while now, sitting around $1.22, and this range is starting to feel like a pressure zone. Price has been consolidating after a strong move down, but the important thing is — there’s still no real sign of strength yet. Every attempt to push higher is getting rejected below the $1.60–$1.70 supply zone, and that tells me sellers are still in control on higher timeframes. Right now, DOT is just chopping inside a range. But usually, after this kind of compression following a downtrend, the next move tends to follow the original direction — which in this case is still bearish. Here’s how I’m looking at it: • $1.60–$1.70 → strong resistance / supply zone • $1.20–$1.22 → current support being tested • Breakdown below $1.18 could open further downside The structure doesn’t show any clean reversal yet. No strong higher highs, no real momentum shift — just sideways movement under resistance. If DOT loses this range support, the move down could be quick. Short-term, taking shorts on weak bounces still makes sense as long as price stays below that supply zone. For bulls, the only thing that changes the picture is a strong reclaim above $1.60+ with confirmation. Until then, this looks like continuation rather than reversal. #WHBTCReserveBigReveal #USIranTalksCollapse #DOJWontProsecuteDevs

Ansvarsfriskrivning: OKX Orbit-innehåll tillhandahålls endast i informationssyfte. Läs mer

Svar

Inga kommentarer än. Var den första att svara!