Family, the $DOOD/USDT is on fire and we need to keep an eye on it! 🔥📈
We see an interesting bullish rally, with the price touching $0.0034466, a +17.18% in one day! The MA(7) at $0.003438 and the MA(25) at $0.0033161 indicate a clear upward trend, and the volume of 6.1B DOOD is crazy, the market is active!
But beware, the resistance at $0.0035512 is the wall to break. If it decisively breaks that level, we could see fireworks. Right now, the Long/Short Average is quite balanced, but the Long% Account has had significant spikes, which could indicate some euphoria.
If we look at the Buy/Sell Taker Volume, we see an interesting dance. There have been spikes in taker buy volume, pushing the price up. However, there are also spikes in taker sell volume, which could suggest that some are taking profits, it’s the game of supply and demand!
The Base shows us volatility, with movements that can be exploited by more agile traders. We need to keep an eye on the candles and the order book!
Could it be an entry opportunity if there is a small pullback and seeks support at the moving averages? Definitely, but with a cool head and managing risk as if there were no tomorrow.
Personally, I see some manipulation in the volume patterns here, with large buy and sell orders appearing to move the price at convenience, so HODL with a clear mind and don’t get carried away by euphoria!