DODO/USDT Technical Analysis:💸💵🎯
Key Data:
Current Price: $0.1659 (+0.55%)
24h High: $0.1698
24h Low: $0.1600
24h Volume (DODO): 25.91M DODO
24h Volume (USDT): 4.29M USDT
Moving Averages:💰
MA(7): $0.1670 (short-term)
MA(25): $0.1653 (mid-term)
MA(99): $0.1586 (long-term)
Support and Resistance:
Resistance Levels:💷
$0.1698 (24h high) acts as key resistance. A break above this level could lead to upward momentum.
Support Levels:
$0.1653 (25-day MA) offers initial support.
$0.1600 (24h low) is a crucial support level. A drop below this could trigger further downside.
Trading Strategy:💥
Entry Levels:
1. Conservative Entry:
Look to enter near $0.1653 (25-day MA) for lower-risk entry points.
2. Aggressive Entry:🚀
Buy on a breakout above $0.1698 (24h high) to capitalize on upward momentum.
Targets:
1. Target 1 (Short-term):👈
$0.1698 (24h high) is the immediate target.
2. Target 2 (Medium-term):
Aim for $0.1720-$0.1750 if the price maintains upward strength.
Stop-Loss:🛑
1. Stop-Loss 1:
Set a stop-loss at $0.1600 (24h low) to protect against downside risk.
2. Stop-Loss 2:
For a tighter stop, consider $0.1630 (below the 7-day MA).
Conclusion:
DODO/USDT is currently trading at $0.1659, showing a mild increase of +0.55%. It's hovering close to its MA(7) of $0.1670, signaling short-term resistance. Traders can watch for a breakout above $0.1698 for a bullish push or wait for a retracement near support at $0.1600 for potential long entries.
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