DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 9.895000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 11.178000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 10.1265 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 11.178000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 11.649000000 |
| Next High | 11.178000000 |
| Current Price | 10.662000000 |
| Next Low | 9.895000000 |
| 2nd Low | 9.055000000 |
| 3rd Low | 8.604000000 |