$DODO In a possible purchase zone:


Dodo is a currency that I love to trade because it doesn't make small movements, every time it has a boost or a setback it has very long runs.

It is currently correcting, reaching the base of the origin of the largest impulse in a 4-hour time frame.

The 0.78 fibo, an ideal area to look for longs or purchases is at 0.113usdt, likewise in the marked area there is an accumulation debt marked in green, where a favorable response is very possible.
The price barely approached and was rejected, but a retest is possible.

The area is clearly defined, if you want to trade it use a stop loss and appropriate leverage. If you lose the 0.113 area, the position is invalidated and you should expect a fall to the minimum of the phase.

Remember, there are 2 operating scenarios:

1. It goes down to the marked zone, closes a 4-hour period in the zone and reacts favorably.
2. It breaks below the zone, and invalidates the analyzed structure.

In both cases, we expect 4-hour closes to confirm and not fall into market traps.

Citizen Crypto says goodbye! Have an excellent day full of profits.
If you would like me to do this analysis on any currency, let me know in the comments and I will do my best.