DOGWIFHAT/USDT | Bullish Reversal from Key Order Block
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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!
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