We have identified a bearish setup in DOT/USD, characterized by the following:
No Bullish Divergence on RSI: No indication of a trend change. Retracement: The price has retraced to the 0.618 Fibonacci level, suggesting a potential for continuation to the downside. Entry Point:
Short: At the current market price (CMP) Target Prices (TP):
TP 1: [Specify target price based on technical analysis] TP 2: [Specify target price based on technical analysis] Stop Loss (SL):
SL: [Specify stop loss based on recent high or technical level] to manage risk Trade Summary: