FieryTrading

πŸ”₯ DODO Bullish Action After Strong Decline

Long
BINANCE:DODOUSDT   DODO / TetherUS
DODO has been newly added to the Binance exchange around two weeks ago. Since it's inception, DODO has faced strong bearish pressure, leading to a vast decline in value over the course of two weeks.

Today, DODO has seemingly breached this pattern and it is showing some bullish price action. Higher highs and higher lows are a prime indicator for a bullish trend .

This trade is based on the idea that DODO will hit R1 and reverse towards the Entry line. Once it has done that, this signal is valid. Before entering this trade wait for the price to touch the Entry line.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!

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Comments

good job mate
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Amazing work here! Thanks for sharing
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πŸš€πŸš€πŸš€
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FieryTrading mastershark
@mastershark, let's goπŸš€
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All the way up to the moon, thanks
Reply
FieryTrading Investroyllc
@Investroyllc, cheersπŸ”₯πŸ”₯
Reply
Great work here
Reply
@BigLava, appreciated!
Reply
Nice view !
Reply
FieryTrading MoneyMakerTrade
@MoneyMakerTrade great to hearπŸ”₯
Reply
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