The hardest chart to long is one that already ran. DOOD is that chart right now.
DOOD perp at $0.00224200, +34.90%, 155M volume, open interest 3376.1M contracts.
Resistance $0.00234333 then $0.00250737
Support $0.00160300 then $0.00157367, deeper $0.00141745
7d range $0.00129700 to $0.00235000, 20D avg $0.00141745, price above
Funding 0.0231%, longs paying shorts. Mild lean, nothing extreme yet.
Holding $0.00160300 keeps this alive and puts $0.00250737 in play. Daily close under $0.00157367 and I'd rather be out early than right late.
Now the part nobody says out loud. This already moved +34.90%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
My own levels, not a recommendation. Anyone who trades this owns the result completely.
#DOOD #Futures