bowtrix

Send it flying

Long
BINANCE:DODOUSDT   DODO / TetherUS
434 views
1
This type of consolidation on tokens like this always seems to be very positive for growth. Looking at the recent spikes in volume , we wouldn't be surprised if the target shown which looks far-fetched now is actually reached within less than 2 months. Either way this is more of a buy and hold trade so anyone who can't be patient should definitely avoid it.

We can also have a look at the volume profile which lets us know that price will just essentially start teleporting upwards if we were to reach the 8.50 area. The volume profile also warns us of an area of supply shown in red which may be able to temporarily drive prices into more consolidation but ultimately should be broken. That would be a potential area to place a partial take profit.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out