To be honest, seeing the bounce of $DOLO makes me feel something’s off. It’s purely short-covering pushing the price up—there’s basically no real new money entering. Now the price is stuck in the supply zone that it previously dumped into, and the trading volume has clearly shrunk. This is a classic sign that the sell orders haven’t been fully digested yet. I’m setting up a short position at this level, betting it can’t push through.
There are way too many trapped longs piled up in that upper zone. As soon as the bulls loosen their grip, the pullback will happen very fast. Don’t be fooled by these few bullish candles—structurally it’s still weak, and the logic for shorting is very clear.
🔴 Trade Direction: Short
📍 Entry Range: 0.0225 – 0.0231
🛑 Stop Loss: 0.0248
🎯 Take Profit 1: 0.0217
🎯 Take Profit 2: 0.0206
🎯 Take Profit 3: 0.0194
#DOLO
Click below to trade👇👇👇
There are way too many trapped longs piled up in that upper zone. As soon as the bulls loosen their grip, the pullback will happen very fast. Don’t be fooled by these few bullish candles—structurally it’s still weak, and the logic for shorting is very clear.
🔴 Trade Direction: Short
📍 Entry Range: 0.0225 – 0.0231
🛑 Stop Loss: 0.0248
🎯 Take Profit 1: 0.0217
🎯 Take Profit 2: 0.0206
🎯 Take Profit 3: 0.0194
#DOLO
Click below to trade👇👇👇