Analysis of the current chart $DOT DOT:
- Price is trading at 8.57 USDT
- RSI is in the neutral zone (42.72), indicating no overbought/sold conditions
- MACD is showing a slight negative divergence
- Volume is trending downwards
- Long/Short ratio remains stable around 30
Possible scenarios:
1. Bearish scenario (probability 45%):
- Price target: Test the 8.0-8.2 USDT range
- Reasons:
- MACD is giving weak signals
- Volume is decreasing
- 24h cash flow is negative (-701K)
- Stop loss if it breaks above 8.8 USDT
2. Sideways scenario (probability 35%):
- Sideways in the 8.4-8.7 USDT range
- This is an accumulation scenario, waiting for a breakout
- Low volume supports this scenario
- Monitor changes in cash flow
3. Bullish scenario (probability 20%):
- Target: Test the 9.0 USDT range
- Conditions:
- Break resistance at 8.8 with good volume
- RSI surpasses the 50 level
- Stop loss below 8.4 USDT
Recommendations:
- Current position: Set stop loss below 8.4
- New position:
- Wait for the price to test the 8.2 range to buy
- Or wait for a breakout above 8.8 with increased volume
- Risk management: Avoid buying/selling at the current price range due to lack of clear trend confirmation signals