$DOT Fakeout📉📉??

DOT along with other altcoins, has dumped around 17%.

The trendline in the snapshot suggests this might be a trap or a fakeout, it also dumped from the 200 EMA which shows a potential breakout trap.

The market moved to liquidate high-leverage long positions and now aims to liquidate high-leverage short positions through a potential fakeout.

Note: This is not financial advice.

#TopCoinsJune2024 #altcoins #DOT_UPDATE #POLKADOTE #DumpandDump