DODO trading planWatching the Defi space for growth. DODO has shown strength pushing above MAs and key levels. Has been rejected at trend and is currently resetting in a very likely space to accumulate, which I mark out as between 1.5-1.4. Still possible to see a deeper pull back to the price trend is there is a market pull back, but this would be seen as a buy opportunity for me, with the best price marked in the 1.33 range. Chart is not as clean as 1INCH but showing similar characteristics, waiting for a break above the key level marked to potentially add to my position on this, if I don't catch a buy at 1.33 price trend. Would want to see a strong 4H close through that zone marked
Still remains below a number of key levels, but DODO is one coin I am watching for significant growth, with an ATH way up in the clouds still at $10. If market remains strong I suspect it will hold support on the 20MA with some wicking below, which might give some ideas for entry within the zones marked. Other indicators for me of an entry would be the RSI resetting on the 50 and trend as marked, and when the EMAs kiss on the MACD. These points should give me optimal entries with tight stop loss.
Indicators look healthy, OBV is healthy, bullish and currently at an ATH on Binance Daily - having jumped well above key level with the push up starting OCT 12. expecting big things
Possible Profit targets marked below. I am holding out hopeful for the 10 if this bull run runs!
