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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