🌌 Finora AI Analysis - #DOTUSDT #DOT
$DOT #Binance 15m
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- The overall trend is bearish and momentum remains weak, with most indicators showing downside pressure despite a few bullish signals.
- Price has just tapped into a demand area around 4.230 and is sitting near a fair value gap, so a short-term bounce or consolidation could happen, but unless we see a strong bullish reversal pattern, the downside is favored.
- If price breaks below 4.230 decisively, I expect continuation toward the next key level at 4.179.
- Any long entries should only be considered if there’s a clear bullish engulfing or strong reversal pattern on a lower timeframe at the 4.230 or 4.179 levels, with targets back to 4.269 or 4.319.
- The safer trade is waiting for a rejection at resistance between 4.269 and 4.319, looking for bearish confirmation such as a shooting star or bearish engulfing before entering short, aiming for 4.230 and 4.179 as take-profits.
- My bias...
⚠ This is an automated post and not financial advice.
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