$DOLO
"DOLO is diving deep ā but every dip hides a bounce. Ride the trend or catch the reversal, the next move could be legendary!"
š§ Trade Setup
ā ļø SHORT Setup (High Probability in Current Trend)$DOLO
The trend is clearly bearish, with no strong reversal signal yet. Here's the setup:
Entry (Short): Between 0.1315 ā 0.1330 USDT
Stop Loss: Above recent bounce area: 0.1355 USDT
Target 1: 0.1275 USDT (support near 1h/15m candles)
Target 2: 0.1240 USDT (if strong selling continues)
š¹ Risk/Reward Ratio: ~1:2 to 1:3
š¹ Confirmation: Only enter if price gets rejected from 0.133 area with a bearish candle (e.g., shooting star or bearish engulfing)
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ā LONG Setup (Only for Reversal Traders)
If you're looking to catch a rebound, wait for a solid reversal confirmation:
Entry (Long): Only if price breaks and holds above 0.136 USDT (above 15m MA25 & resistance zone)
Stop Loss: Below support at 0.130 USDT
Target 1: 0.145 USDT (near MA levels)
Target 2: 0.155 USDT (short-term moving average resistance)
š¹ Risk: Higher due to overall trend
š¹ Note: Use small position size for this type of trade unless momentum shifts visibly
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š Indicators Suggest:
Volume: Increasing on red candles ā sellers in control
RSI: Likely oversold on lower timeframes but not reversing yet
MA Cluster: Acting as dynamic resistance
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