ETH/USDT | 4-Hour Rejection Setup
2025-01-30
Category: None

This ETH/USDT 4-hour chart highlights a potential short setup at a key supply zone and trendline resistance:

    
 
 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.