📉 Short $DOLO Strategy (1H) and WHY ?
🎯 Entry Point: 0.0370 – 0.0375
Stop Loss: 0.0381
TP 1: 0.0350
TP 2: 0.0333
DOLOUSDT
Prep
0.03431
-8.82%
Violent Rejection: The surge to the 0.0414 region was immediately halted by a candle with a very long upper wick. This is a sign of a Bull Trap or intense selling pressure from large players (Smart Money taking profits)
MACD Momentum Reversal: The MACD is showing signs of bending downwards, and the Histogram bars are turning light pink, indicating that the Sellers are starting to regain control
Loss of EMA 21 Support Zone: The price is currently trading below the EMA 21 (green) line. If the next 1H candle closes decisively below 0.0374, this EMA line will turn from support into strong resistance, blocking any recovery attempts #BinanceFutureTrading
DOLO
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