DOTUSD Plunge Alert Precision Short Targeting 10%+ Gains !
The asset, DOTUSD, is showing a sharp bearish momentum with a decline indicating strong selling pressure.
The current price is 6.905, while the short entry position aligns with a retracement after a peak profit zone
1. Trend Direction
The price has broken below green channel, signaling a trend reversal from bullish to bearish.
Red zones around the moving averages confirm the presence of downward momentum.
2.Entry Confirmation
The short position appears to be placed after the market failed to hold its highs (Peak Profit 10.14%) and created lower highs, validating the short trade setup.
Entry aligns with the rejection of resistance levels, suggesting a good risk-to-reward setup.
3. Risk Management
Stop-loss is placed slightly above the sell zone, covering the recent swing high. This limits risk in case of price retracement.
The profit target extends well below the entry, suggesting confidence in further downside potential.
4. Aetos Indicators
A potential momentum-based or moving average indicator is being used to highlight peak profit areas, confirming optimal trade execution.
The bearish engulfing candles in the sell region validate the short bias.
Projection
Target Zone: The profit target aligns with the 6.230 support level, indicating expectations of a 10% drop from the entry point.
Downside Risk: If bearish momentum continues, there could be a breakdown below 6.230, extending losses toward 6.000 or lower.
Analysis
DOTUSD is experiencing a sharp bearish reversal after failing to hold its highs. The short entry capitalizes on lower highs and rejection near the resistance. Stop-loss is strategically placed above recent highs, while the target aligns with key support levels. This trade setup is supported by
Bearish momentum.
Clear breakdown below the moving average channel.
High risk-to-reward ratio for short-term traders.
Strategy
Stay short below 6.905, targeting 6.230. If price retraces above 7.00, consider exiting the position. Always book profits partially and move SL to BE
The current price is 6.905, while the short entry position aligns with a retracement after a peak profit zone
1. Trend Direction
The price has broken below green channel, signaling a trend reversal from bullish to bearish.
Red zones around the moving averages confirm the presence of downward momentum.
2.Entry Confirmation
The short position appears to be placed after the market failed to hold its highs (Peak Profit 10.14%) and created lower highs, validating the short trade setup.
Entry aligns with the rejection of resistance levels, suggesting a good risk-to-reward setup.
3. Risk Management
Stop-loss is placed slightly above the sell zone, covering the recent swing high. This limits risk in case of price retracement.
The profit target extends well below the entry, suggesting confidence in further downside potential.
4. Aetos Indicators
A potential momentum-based or moving average indicator is being used to highlight peak profit areas, confirming optimal trade execution.
The bearish engulfing candles in the sell region validate the short bias.
Projection
Target Zone: The profit target aligns with the 6.230 support level, indicating expectations of a 10% drop from the entry point.
Downside Risk: If bearish momentum continues, there could be a breakdown below 6.230, extending losses toward 6.000 or lower.
Analysis
DOTUSD is experiencing a sharp bearish reversal after failing to hold its highs. The short entry capitalizes on lower highs and rejection near the resistance. Stop-loss is strategically placed above recent highs, while the target aligns with key support levels. This trade setup is supported by
Bearish momentum.
Clear breakdown below the moving average channel.
High risk-to-reward ratio for short-term traders.
Strategy
Stay short below 6.905, targeting 6.230. If price retraces above 7.00, consider exiting the position. Always book profits partially and move SL to BE
Trade closed: target reached
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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.