$DODO

/USDT Technical Analysis Summary๐Ÿš€๐ŸŽฏ

Current Price: $0.1170

Support and Resistance:

Support Levels: Around $0.1137 and $0.1146 (SAR level)

Resistance Levels: Around $0.1181 (upper Bollinger Band) and $0.1201

The price currently consolidates near the middle Bollinger Band, with a slight upward push. The SAR below the price suggests a mild bullish trend, but we would need a break above the resistance levels to confirm further upside momentum.

Trade Signals

1. Buy Entry Signal (Bullish Momentum Confirmation):

Entry: Enter a long position if the price breaks above $0.1181 and sustains above it, ideally with a confirmed candle close (e.g., 4-hour or daily).

Stop-Loss: Place a stop-loss slightly below $0.1146 to manage risk.

Targets ๐ŸŽฏ:

Target 1: $0.1201 โ€“ This is the first resistance level, where profit-taking could occur.

Target 2: $0.1225 โ€“ A level slightly above recent highs and within reach of bullish momentum if buying pressure strengthens.

Target 3: $0.1250 โ€“ The 24-hour high. This could be achieved if strong bullish momentum continues.

2. Sell Entry Signal (Bearish Momentum Confirmation):

Entry: If the price breaks below the support at $0.1135, consider a short position. A confirmed break below this level may indicate bearish momentum.

Stop-Loss: Place a stop-loss above $0.1181 (upper BB) to protect against a reversal.

Bearish Targets ๐ŸŽฏ:

Target 1: $0.1120 โ€“ Initial support zone slightly below the lower Bollinger Band.

Target 2: $0.1100 โ€“ A more conservative target, aligned with extended bearish momentum.

Target 3: $0.1080 โ€“ A deeper target if the bearish trend strengthens.

Trade Momentum

Bullish Momentum: Watch for strong buying volume and a solid break above $0.1181 to confirm upward movement.

Bearish Momentum: Increasing sell volume below $0.1135 would support bearish momentum.

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