$DODOX Weak rejection near the local top, setting up a short trade.
Trade Setup: Short
Entry Zone: 0.0198 – 0.0202
Tp1: 0.0192
Tp2: 0.0187
Tp3: 0.0182
SL: 0.0208
Price is up about 6% but struggles to break the resistance zone at 0.0202. Momentum is slowing down after a small pump, indicating potential exhaustion.
If DODOX fails to hold above 0.0198, a pullback towards lower support levels is likely as sellers enter and profit-taking increases.
Trade Setup: Short
Entry Zone: 0.0198 – 0.0202
Tp1: 0.0192
Tp2: 0.0187
Tp3: 0.0182
SL: 0.0208
Price is up about 6% but struggles to break the resistance zone at 0.0202. Momentum is slowing down after a small pump, indicating potential exhaustion.
If DODOX fails to hold above 0.0198, a pullback towards lower support levels is likely as sellers enter and profit-taking increases.