DOTUSDT Monthly S/R| VAH| .786 Fib| Price Action

Evening Traders,

Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible,

Points to consider,
- Price Action Impulsive
- Monthly S/R Resistance
- .786 Fibonacci Confluence
- Daily S/R Objective

DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786 Fibonacci, VAH and a Monthly S/R, allowing for a bearish bias.

The immediate objective will be the Daily S/R support, exceeding this level will lead to a much deeper pull back.

Overall, in my opinion, DOTUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

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