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Trade Idea: DOT SHORT

Opened 2025-10-11 19:16:02 · Valid until 2025-10-12 19:16:02 · Closed 2025-10-12 04:25:03 · Triggered 2025-10-11 19:19:01
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 2.40 Conf 75% Scalp hours
Entry 3.10000000
Stop 3.25000000
TP 2.90000000 / 2.70000000 / 2.50000000
Live 2.97000000
ROI 4.19% (vs entry)

Thesis and checks

The current market conditions for Polkadot (DOT) indicate a strong bearish trend, making a short position a viable option.

  • On the 5m chart, a bearish engulfing pattern has formed, suggesting a continuation of the downward movement.
  • The 15m RSI is showing overbought conditions, indicating potential for a price retracement.

Trade ideas are educational. Manage risk and position size.