Damn it—$DOLO this pullback looks intimidating, but if you look closely at the candlestick structure, the highs are getting lower and the volume hasn’t kept up. Plain and simple: retail is chasing, while the smart money is quietly distributing. I’m directly placing a short order in this resistance zone, because above it are all the corpses left behind by the previous dump—do the bulls want to get out of their positions?
First, we have to ask whether the sell-side agrees. The higher the price goes, the worse the risk-to-reward ratio gets—shorting is the way to follow the trend. Let the market choose its direction on its own; I’m standing on the short side.
🔴 Trading direction: Short
📍 Entry range: 0.0225 – 0.0231
🛑 Stop loss: 0.0248
🎯 Take profit 1: 0.0217
🎯 Take profit 2: 0.0206
🎯 Take profit 3: 0.0194
#DOLO
Click below to trade👇👇👇
First, we have to ask whether the sell-side agrees. The higher the price goes, the worse the risk-to-reward ratio gets—shorting is the way to follow the trend. Let the market choose its direction on its own; I’m standing on the short side.
🔴 Trading direction: Short
📍 Entry range: 0.0225 – 0.0231
🛑 Stop loss: 0.0248
🎯 Take profit 1: 0.0217
🎯 Take profit 2: 0.0206
🎯 Take profit 3: 0.0194
#DOLO
Click below to trade👇👇👇