#DOT Market Analysis
DOT is at 0.888 on the 8h, sliding right back onto the rising trendline from the mid August lows. The line caught the hack day wick near 0.870, but every bounce since has stalled lower, and price is now leaning on support again.
Bull case: hold the trendline and reclaim 0.930, opening a path back toward 0.970 and the 1.010 zone.
Bear case: lose 0.870 and break the trendline, exposing 0.820 and the 0.790 area below.
Trendline delivers another bounce, or do the lower highs finally break it?
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Bitcoin Bullets® Trading
DOT is at 0.888 on the 8h, sliding right back onto the rising trendline from the mid August lows. The line caught the hack day wick near 0.870, but every bounce since has stalled lower, and price is now leaning on support again.
Bull case: hold the trendline and reclaim 0.930, opening a path back toward 0.970 and the 1.010 zone.
Bear case: lose 0.870 and break the trendline, exposing 0.820 and the 0.790 area below.
Trendline delivers another bounce, or do the lower highs finally break it?
➖➖➖➖➖➖➖
Bitcoin Bullets® Trading