DOT/USDT – 30M – SELLThe currency pair moves from the bullish trendline down.
A descending movement downwards to the next support line at 4.756000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 4.964000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 4.764 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 4.964000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.133000000 |
| 2nd High | 5.100000000 |
| Next High | 4.964000000 |
| Current Price | 4.863000000 |
| Next Low | 4.756000000 |
| 2nd Low | 4.754000000 |
| 3rd Low | 4.564000000 |