$DCR | Rejection from Resistance, Sellers Defending Highs
Following an +8.49% rally, price was firmly rejected at the $26.3–26.6 resistance zone, with sellers stepping in aggressively. This signals a potential reversal rather than continuation, especially if price remains capped below the resistance area.
Entry Zone (Short): 25.70 – 25.90
Stop Loss: 26.60 (above resistance)
Take Profit Targets: 25.00 / 24.50 / 24.00
Key Levels:
· Resistance / Rejection Zone: 25.8 – 26.0
· Support Targets: 25.00, 24.50, 24.00
· Invalidation: Break and hold above 26.60
Strategy: Consider short positions on a rejection within the defined zone, confirming sellers remain in control. The setup anticipates a move back toward lower support levels.
DCR
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