$DODO The token is showing strong bullish signals after maintaining its position above the descending triangle support on the weekly chart. The MA 100 (100-week moving average) is providing solid support, which adds further strength to the bullish outlook.

Key Levels to Watch.

Current Price: Check live price for accuracy before trading.

Resistance Levels (Targets):

$0.23 – Initial breakout level.

$0.35 – Medium-term target with moderate resistance.

$0.65 – Strong resistance could act as a psychological level.

$1.09 – Long-term target if bullish momentum sustains.

Buy Zone (Entry Points):

$0.17 - $0.20: This is the ideal accumulation zone where buyers could consider entering if the price dips slightly.

Stop Loss:

$0.15: Place a stop-loss below this level to manage risk in case the support breaks.

Why This Setup is Bullish.

1. MA 100 Support: The 100-week moving average acts as a key support level, indicating strong demand from buyers.

2. Descending Triangle Breakout: The price holding above the triangle support suggests an upcoming breakout.

3. Increased Volume: A rise in trading volume is often a precursor to a strong move.

Targets with Strategy:

1. $0.23: First target – Consider partial profit booking here to secure gains.

2. $0.35: Medium-term target – Major resistance; trail stop-loss to secure profits.

3. $0.65: For swing traders aiming for larger gains.

4. $1.09: Long-term investors may hold for this level if the uptrend sustains.

Risk Management:

Keep position size small and avoid over-leveraging.

Always stick to the stop-loss level and adjust as the price moves.

Monitor overall market sentiment and news related to the cryptocurrency sector.

Disclaimer:

This is not financial advice. Do your own research (DYOR) before investing. The crypto market is highly volatile, and prices can change rapidly.

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