Fitpeeps, let's take a closer look at the current price movement for $DODO and discuss potential scenarios! đđŹ
đ Chart Overview
Current Price: $0.1188, down by -1.00%, showing bearish momentum.
Resistance Levels:
$0.1218 is acting as a significant resistance level, as the price has tested it multiple times but failed to break through.
$0.1270 is a stronger resistance level, with recent price action being rejected around this mark.
Support Levels:
$0.1188 is the immediate support level; the price is currently testing this level.
$0.1170 is the next support level, followed by $0.1150 if selling pressure continues.
đ Volume and Trend
Volume: Trading volume is at 612.141K, indicating increased activity but mostly on the selling side.
Price Behavior: The price made a few attempts to recover but faced heavy resistance at $0.1218 and higher. As a result, the price has slipped to retest support levels.
đ Key Levels to Watch
Resistance at $0.1218: A move above this resistance could signify some short-term bullish momentum and lead to a test of $0.1270.
Support at $0.1188: Holding above this support level is crucial to prevent further bearish continuation. If broken, the next targets will be $0.1170 and $0.1150.
đ Possible Scenarios
Bullish Rebound: If the bulls manage to defend $0.1188 and push above $0.1218, it could lead to a test of $0.1270, potentially reversing the current bearish trend.
Bearish Breakdown: If the $0.1188 support fails to hold, we may see further downside towards $0.1170 and possibly $0.1150.
Range-bound Movement: Consolidation between $0.1188 and $0.1218 could occur if volume diminishes and the price stabilizes.
đĄ Fitpeep's Trading Tips
Bullish Setup: Watch for buying opportunities if $DODO shows strength above $0.1188, targeting $0.1218 and $0.1270.
Bearish Setup: If the $0.1188 support fails, consider short opportunities towards $0.1170.
Range Trading: In case of sideways movement, consider range trading between $0.1188 and $0.1218 with stop losses to minimize risk.
đą Community Call
Fitpeeps, are we expecting a rebound for $DODO, or are we heading lower? Letâs share our thoughts and strategies! đđ
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