$DODO /USDT Technical Analysis & Trade Signals
Current Price: $0.2107 (+15.83%)
Key Levels
Support Level 1: $0.1771 (24h Low)
Support Level 2: $0.2000 (Psychological Level)
Resistance Level 1: $0.2386 (24h High)
Resistance Level 2: $0.2500 (Key Resistance Area)
Price Action Overview:
Short-Term Momentum: Bearish (with a recent drop of -3.79% in 15 minutes and -4.45% in 1 hour)
Long-Term Trend: Bullish (+15.83% over the last 24 hours)
Momentum Analysis:
The strong bullish momentum over the last 24 hours (+15.83%) indicates that the market has been favoring DODO. However, the short-term declines show a potential correction or consolidation phase.
Volume analysis supports this with 151.85M DODO traded in the last 24 hours, showing active interest.
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Trade Signals:
1. Bullish Scenario (Breakout)
Entry Point: Buy at $0.2100 if it holds above support.
Target Levels:
Target 1: $0.2200 (short-term resistance)
Target 2: $0.2300 (next resistance level)
Target 3: $0.2386 (24h High)
Stop Loss: Set stop loss at $0.2000 (near support).
Reason: If DODO price holds above $0.2100, the upward momentum may continue with targets around $0.2200 to $0.2386.
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2. Bearish Scenario (Pullback)
Entry Point: Short at $0.2100 if the price falls back below this level.
Target Levels:
Target 1: $0.2000 (Psychological Support)
Target 2: $0.1771 (24h Low)
Stop Loss: Set stop loss at $0.2200 (previous resistance).
Reason: A break below $0.2100 could trigger further downside, with targets at $0.2000 and $0.1771.
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3. Consolidation Range (Sideways)
Entry Point: Wait for price to stabilize above $0.2000 before entering.
Target Levels:
Target 1: $0.2200 (Short-term resistance)
Target 2: $0.2300 (Next resistance zone)
Stop Loss: Set stop loss near $0.2000 for safety.
Reason: If DODO consolidates between $0.2000 and $0.2386, it may form a strong base for an eventual breakout.