【$DOT Signal】Key level for bulls and bears, 1H timeframe awaits confirmation of direction

$DOT The 1H timeframe is oscillating narrowly between 1.346-1.358, at the end of a consolidation after a 4H downtrend, about to choose a direction. After consecutive bearish candles on the 4H chart, a small bullish candle appeared, but overall it remains within the downtrend channel. The key point is: the 1H RSI (38.48) has exited the oversold zone, and the price is near 1.346 (a dense support zone on the order book), with multiple buy orders supported, open interest remains stable, and no signs of panic selling. This looks more like a phase of accumulation after a decline.

🎯 Direction: Watch and wait (Pending orders)

⚡ Breakout buy order: 1.361 - 1.365 (Reason: Successfully breaking above the 1H EMA20 and recent consolidation upper boundary, confirming short-term bullish momentum)

⚡ Pullback buy order: 1.333 - 1.337 (Reason: Testing the support zone formed by previous lows on the 4H chart, combined with large order support on the order book)

🛑 Stop loss: 1.325 (Reason: Falling below the strong support zone on the 4H chart and the lower ATR band, structure broken)

🚀 Target 1: 1.385 (Reason: Previous high resistance on the 1H chart and Fibonacci 0.382 retracement level)

🚀 Target 2: 1.415 (Reason: Starting point of the 4H downtrend, a key resistance level)

🛡️ Trading management:

- Position suggestion: Light position (Reason: Overall trend remains weak, this is a counter-trend rebound with higher risk)

- Execution strategy: After any pending order is triggered and reaching Target 1, reduce position by 50%, and move stop loss to entry price. If the price cannot hold above 1.358 and falls back, consider exiting early.

Deep logic: The current market logic indicates “price falling but open interest stable,” ruling out large-scale long liquidation, more like main players suppressing price to accumulate or rotate positions. Order book data shows massive buy orders (over a million) accumulated in the 1.329-1.338 range, forming a solid defense line. The 1H EMA20 (1.363) is a short-term strength/weakness indicator; breaking above weakens bearish pressure. Negative funding rates suggest crowded shorts, hinting at a potential short squeeze rebound. The core strategy is to wait for the price to make its own decision; we only lay in key support levels or wait for clear breakout signals to chase.

Trade here 👇 $DOT

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