See a potential run for this coin over coming weeks/months if resistance broken and support is held. Indicators not much use in so early stages of the coin on this time frame. If res is broken definitely has potential for 100-400% gains. Take partials along the way. Always trade with an appropriate risk management strategy. Happy trading! NGS
- This is a double setup analysis on DODOUSDT.
- The bounce off the horizontal support level (S1).
- Price is testing the horizontal support level (S1).
- The downtrend is resisted by the descending trendline resistance (DTR-2).
- There's an uptrend potential.
Buy entry ⬆️ : breakout above the descending trendline resistance (DTR-2).
Falling support and resistance levels.
Falling EMA and falling trade volumes.
Things aren't looking good for the DODO project.
But really good buying at 1 day support.
I think DODO is the next Sushiswap.
- DOGEUSDT brokeout and hit an ATH.
- The market then experienced retracement for a retest of the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- There's an uptrend continuation...