【$DOT Signal】Hold off on entering positions, waiting for the downward momentum to exhaust

$DOT is experiencing consolidation after a volume-driven decline, with four-hour candles closing consecutively in the red. The price has broken below previous support levels. Currently, sell orders are stacking up in the order book (1.382-1.384), but the decline is accompanied by stable open interest, with no signs of panic buying or capitulation by longs, suggesting a possible orderly distribution.

🎯 Direction: Hold off on entering positions

The price is fluctuating narrowly between 1.373 and 1.382, lacking clear reversal signals. Funding rates remain positive, indicating that retail long sentiment has not fully cleared, and the risk of further decline persists. Wait for clear buy absorption signals or for the price to break back above the 1.40 key resistance level to confirm the exhaustion of downward momentum. The best current strategy is to stay on the sidelines and let the market decide its direction.

Trade 👇 $DOT
here

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#Gate广场创作者新春激励

#Is the current market bottoming out or just waiting?