DOT/USDT – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent down to the next support level at 4.105000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 4.260000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 4.104 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 4.260000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.437000000 |
| 2nd High | 4.349000000 |
| Next High | 4.260000000 |
| Current Price | 4.139000000 |
| Next Low | 4.105000000 |
| 2nd Low | 4.104000000 |
| 3rd Low | 4.086000000 |