Looking for DOT to make a move back up to fill the I/C + Imbalance, and continue its distribution lower.
Overall, TOTAL market cap is still bullish, but now that we have filled higher TF IMB on that too, as well as indices showing signs of bearishness, I do believe small entry shorts can play out.
If looking to take this, please keep your risk in mind, and NEVER go in more than 1-2% MAX.
ENTRY: BETWEEN $4.9950 & $5.0050
SL: $5.0350 (1% )
TP1: $4.850 (3%)
TP2: $4.750 (5%)
Overall, TOTAL market cap is still bullish, but now that we have filled higher TF IMB on that too, as well as indices showing signs of bearishness, I do believe small entry shorts can play out.
If looking to take this, please keep your risk in mind, and NEVER go in more than 1-2% MAX.
ENTRY: BETWEEN $4.9950 & $5.0050
SL: $5.0350 (1% )
TP1: $4.850 (3%)
TP2: $4.750 (5%)
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Disclaimer
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.