$DOT Short Setup Bears Still in Control
While looking at the $DOT USDT 5m chart, I noticed that the market structure is starting to lean clearly on the bearish side.
From my perspective, the most important thing here is the descending trendline resistance. Price has already respected this upper trendline multiple times, which tells me that sellers are consistently stepping in whenever the market tries to push higher.
Right now price is once again testing that same resistance area near 1.52 – 1.53.
What I personally see is that the market keeps forming lower highs, which is usually a strong sign that bears still control the structure. Every bounce looks weaker than the previous one.
If this trendline rejection continues, I think the market could rotate downward again to search for liquidity at lower levels.
My trade idea from this structure:
Entry Zone: 1.52 – 1.53
Stop Loss: 1.56
Target 1: 1.50
Target 2: 1.49
Extended Target: 1.48
For me the key confirmation will be clear rejection from the descending resistance.
Of course, the market can always break the structure unexpectedly, so I always remind myself to manage risk carefully.
#DOT #SHORT📉 #CryptoTrading #BinanceFutures #DOTUSDT $DOT
