$DODOX Pushing into Resistance Zone, Short with Discipline
DODOX Short Trading Plan (10x)
Entry: 0.02080 – 0.02092
SL: 0.021198
TP1: 0.02065
TP2: 0.02050
TP3: 0.02026
DODOX is pushing up to the 0.020856 – 0.020920 zone after a pullback from below. But don't get your hopes up, this zone is showing clear signs of resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.
Stop loss is placed at 0.021198, a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, the targets 0.020655 → 0.020500 → 0.020268 are entirely feasible.
The entry zone is very narrow, with a fairly close stop loss (~1.3-1.6%). Suitable for a short scalping trade. Enter small orders and set stop losses correctly.
Do you think this zone is stable? Or is there still an upward wave? Comment to discuss!