“DOT/USDT is forming a clean Head and Shoulders structure on the daily chart, with neckline support around $3.88 under pressure. A confirmed breakdown could trigger a technical retracement toward $2.92. With the Stochastic RSI crossing downward and price rejecting from key resistance, bearish momentum appears to be gaining strength. Risk is defined, reward is asymmetric — this is a technically sound short opportunity for trend traders.”
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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.