Trading Signal: $DOLO (Dolomite) ๐
Ticker: $DOLO
Current Price: $0.1058
24h Change: -9.88%
Support Level: ~$0.1030 (recent low)
Resistance Level: ~$0.1170 (prior support)
Analysis:
$DOLO is experiencing significant downward pressure, dropping 9.88% in the last 24 hours and 34.08% over 7 days. The price is testing recent lows around $0.1030, with a potential bounce if it holds. However, the trend remains bearish unless it breaks back above $0.1170. Longer-term (30d: -53.88%, YTD: +199%), it shows volatilityโwatch for a reversal signal.
Trade Idea:
Buy: Consider a cautious entry near $0.1030 if support holds, with tight risk management.
Take Profit: $0.1170 (resistance target).
Stop Loss: Below $0.1000 to limit downside.
Caution: High volatility and bearish momentum suggest waiting for confirmation. DYOR and trade responsibly!
