DOT/USD | Breakout or Rejection at Key Resistance?

DOT/USDT has been showing some interesting price action, with key liquidity grabs, imbalance zones, and volume profile levels in play. The market structure suggests that if price can break through the current resistance, we may see a push toward the Point of Control (POC).

Key Technical Insights:

• Liquidity Grab on Feb 3 – The large wick on this date swept liquidity from the market, triggering buy orders and filling the previous gap. This type of price action often sets the stage for a reversal or a continuation move.
  
• Significant Imbalance Above – Price has left inefficiencies (marked by black lines), which the market tends to revisit before finding equilibrium. If momentum continues, these zones could act as magnets for price.
  
• Strong Resistance Level – The current price region has acted as a major resistance. A rejection here could lead to a pullback, but a clean break would shift momentum toward higher targets.
  
• POC Target Using Fixed Range Volume Profile – The Point of Control (POC), represented by the red line, is a high-volume area where price has spent significant time. If price breaks resistance, the market is likely to gravitate toward this key level.
  

What I’m Watching Next:

• A break above resistance could lead to a strong bullish move toward the POC.
  
• A rejection at resistance may result in another liquidity grab before price attempts higher levels.
  
• If price fills the imbalance zones, it could provide a better confirmation for continuation.
  

What’s Your Outlook?
Will DOT/USDT push higher and reach the POC, or will resistance hold strong? Share your thoughts in the comments!