We have identified a bearish setup in DOT/USD, characterized by the following:
No Bullish Divergence on RSI: No indication of a trend change. Retracement: The price has retraced to the 0.618 Fibonacci level, suggesting a potential for continuation to the downside. Entry Point:
Short: At the current market price (CMP) Target Prices (TP):
TP 1: [Specify target price based on technical analysis] TP 2: [Specify target price based on technical analysis] Stop Loss (SL):
SL: [Specify stop loss based on recent high or technical level] to manage risk Trade Summary:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.