DOT/USDT | 4-Hour Rejection Setup
This DOT/USDT 4-hour chart highlights a potential short setup at a key supply zone:
This setup aligns with the previous supply zone, making it a strong resistance area. Confirmation from volume and candlestick patterns is recommended before entering.
- Entry: $6.373, anticipating rejection from the order block (OB) zone.
- Stop-Loss: Placed at $6.556, above the OB zone for risk mitigation.
- Take-Profit: Targeting the $6.006 level for potential gains.
This setup aligns with the previous supply zone, making it a strong resistance area. Confirmation from volume and candlestick patterns is recommended before entering.
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