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DODOUSDT

DODOUSDT (DODO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - This is a double setup analysis on DODOUSDT. FIRST SETUP - 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). Target 🎯 : horizontal resistance level R1(neckline resistance). Setup invalidation ❌ : breakdown below the horizontal support level (S1). SECOND SETUP - This setup remains valid if the first setup plays out as expected (price breaks out above DTR-2 and hits the neckline resistance. - Price would be the testing the neckline resistance. - This would form the double bottom pattern. - A double bottom pattern is bullish reversal pattern. Buy entry ⬆️: breakout above the double bottom neckline resistance. Targets 🎯 : horizontal resistance levels (R2, R3). Setup invalidation ❌ : breakdown below the previous swing low.
Long
by Chibuike_Odoh
DODOUSDT (DODO) - UPTREND CONTINUATION ANALYSIS 🔎 - 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 possibility. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Horizontal resistance level (R1). - ATH resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support.
Long
by Chibuike_Odoh
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