FieryTrading

🔥 DOT Bearish Break Out: Long Correction Ahead

BINANCE:DOTUSDT   DOT / TetherUS
DOT was one of the more popular alts of the current bull-cycle. However, DOT has lost virtually all gains it made during that time.

As of a few days ago, DOT has broken through the bullish channel's support, signaling more potential downside coming our way.

My next two bearish targets are placed around the $10.5 and $7 area. Consequently, this area might be a good area to scout for long-term bullish entries.

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