DOTUSDT is poised to reach 1,400 during the dump phase
Pressure is building on the 1.493 support level. A descending triangle is forming during the “dump” phase. A close below this key level could trigger a sell-off toward 1.400.
Volume is building on the bears' side, buyer strength is waning, and the bulls may not be able to hold the 1.493 support level on their own. The 1.493–1.407 range is quite loose, and the decline could be rapid.
Scenario: A break below the 1.493 support level could be accompanied by a sell-off toward the target of 1.407
Volume is building on the bears' side, buyer strength is waning, and the bulls may not be able to hold the 1.493 support level on their own. The 1.493–1.407 range is quite loose, and the decline could be rapid.
Scenario: A break below the 1.493 support level could be accompanied by a sell-off toward the target of 1.407
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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.
❤️ Telegram channel: t.me/AndeWave
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.