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Trade Idea: DOT SHORT

Opened 2025-10-10 21:56:12 · Valid until 2025-10-11 21:56:12 · Closed 2025-10-10 22:09:02 · Triggered 2025-10-10 22:07:01
How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
SHORT CLOSED RR 2.75 Conf 75% Scalp hours
Entry 3.01000000
Stop 3.05000000
TP 2.90000000 / 2.85000000 / 2.80000000
Live 2.98000000
ROI 1.00% (vs entry)

Thesis and checks

Given the significant 24h change of -25.1015%, the market sentiment appears bearish for Polkadot (DOT). The following analysis supports a short scalp position:

  • 5m Chart: A bearish engulfing candle has formed, indicating strong selling pressure.
  • 15m Chart: The Relative Strength Index (RSI) is below 30, suggesting oversold conditions, but the price action remains weak, indicating potential continuation of the downtrend.

Trade ideas are educational. Manage risk and position size.