Sell DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 6.010000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 7.802000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.756468 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 7.802000000 should be noted.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 8.972000000
2nd High 8.468000000
Next High 7.802000000
Current Price 7.451000000
Next Low 6.010000000
2nd Low 5.955000000
3rd Low 5.473000000

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