$DOLO (Dolomite): Technical Update (around US$ 0.1802)
Current price: US$ 0.1802 (intraday: high of US$ 0.1861 / low of US$ 0.1690)
Trend: Bearish — lower highs and lower lows, with persistent selling pressure.
Critical Support Zone: ~US$ 0.176, with stronger support around ~US$ 0.173. A break below may accelerate the decline.
Relevant Resistances: US$ 0.1820–0.1900.
Short-Term Strategy — SELL (Short)
Entry: US$ 0.1990–0.2020 (aligned with identified support/resistance).
Profit Targets:
Profit 1: US$ 0.1200 (near technical support).
Profit 2: US$ 0.1220
Profit 3: US$ 0.1800 (in case of a strong decline).
Stop Loss: US$ 0.1700 — above resistance and neutral level identified by RSI/EMA.
Market Sentiment Summary:
Current momentum favors sellers.
A sustained close below US$ 0.176 would confirm the continuation of the decline.
Only a consistent break above US$ 0.19 would indicate a reversal and a resumption of buying strength. @Dolomite
