DOGWIFHAT/USDT | Bullish Reversal from Key Order Block
This trade setup for DOGWIFHAT/USDT on the 4-hour chart identifies a potential bullish reversal from a marked order block (OB). Price is approaching the highlighted demand zone (grey), with confluence at the $1.997 level. The trade idea includes:
This setup aligns with bullish price action and potential order flow rebalancing. Always apply proper risk management. Feedback and insights are welcome!
- Entry near the order block for optimal risk-reward.
- Stop-loss placed slightly below the $1.931 level to account for volatility.
- Targeting $2.228 for a strong potential upside based on previous resistance.
This setup aligns with bullish price action and potential order flow rebalancing. Always apply proper risk management. Feedback and insights are welcome!
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.