Why: After a strong impulsive move, price is showing rejection near highs and starting to lose momentum. Volume is decreasing on bounce attempts and RSI is cooling from elevated levels, suggesting buyers may be getting exhausted. A retrace toward moving averages looks likely if sellers keep pressure.
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$DOT momentum slowing after sharp spike — possible pullback forming
Short $DOT
Entry: 1.60 – 1.70
SL: 1.85
TP1: 1.52
TP2: 1.46
TP3: 1.40
TP4: 1.34
Why:
After a strong impulsive move, price is showing rejection near highs and starting to lose momentum. Volume is decreasing on bounce attempts and RSI is cooling from elevated levels, suggesting buyers may be getting exhausted. A retrace toward moving averages looks likely if sellers keep pressure.
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{future}(DOTUSDT)