DOTUSDT’s immediate price action is bearish with consecutive lower highs under dynamic resistance. Price is being coiled into its apex where a break will be imminent; breaking key structural S/R will allow us to have a bearish bias on the market.
Both oscillators are showing weakness trading under their 50- midpoint, further downside is likely to reach oversold conditions.
The volume profile is currently declining; an influx will be highly probable as price breaks from its Apex.
Overall, in my opinion, breaking bearish will allow for a valid short with define risk. Price action is to be used upon discretion/ management of trade.
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