ETH/USDT | 4-Hour Rejection Setup
This ETH/USDT 4-hour chart highlights a potential short setup at a key supply zone and trendline resistance:
The confluence of the OB zone and trendline resistance increases the probability of a price reversal, making this a well-structured trade. Confirmation from volume and candlestick patterns is recommended before entering.
- Entry: $3,308.15, anticipating rejection from the descending trendline and order block (OB) zone.
- Stop-Loss: Placed at $3,370.88, above the OB zone for risk mitigation.
- Take-Profit: Targeting the $3,147.00 level for potential gains.
The confluence of the OB zone and trendline resistance increases the probability of a price reversal, making this a well-structured trade. Confirmation from volume and candlestick patterns is recommended before entering.
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