$DODO - Potential Long Trade Setup
Market Context:
The price of DODO/USDT has successfully retested the support at $0.1048, confirming a bounce from this level. With bullish momentum building, the pair is now testing the $0.1110 resistance. A breakout above this level could signal the start of a stronger upward move.
Entry Range:
$0.1105 - $0.1115
Targets:
Target 1 (TP1): $0.1142
Target 2 (TP2): $0.1165
Analysis:
The retest of $0.1048 as support strengthens the bullish structure.
The breakout above $0.1110 suggests increased buying pressure, targeting higher resistance levels.
Maintaining the stop loss below $0.1094 allows for volatility while protecting against unexpected pullbacks.
Pro Tip:
Wait for a confirmed close above $0.1110 before entering to minimize fake-out risks. Monitor volume closely as it will likely validate the breakout.
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