$DOOD For this short-term move, I’m leaning bullish, but let me be clear: this is just a short-term trade worth watching, not a trend play.
It’s up +5.12% in five minutes, with two consecutive bullish candles on the 15-minute chart. Trading volume over the past hour is $11.76 million, compared with just $1.28 million at the same time on a typical day—that’s 9.20 times higher. The volume is genuinely there, not just the usual one-candle spike.
We also need to be clear about the price level. The current price is 0.0019, and the 24-hour high is 0.001968. The price is at 91% of the day’s range, with a daily amplitude of 43.23%. It’s already near the top of the range, so buying in now means betting on a breakout, not picking up a bargain.
My approach is to wait for it to move above 0.001968 before looking for continuation. If it falls below 0.001811, the volume-based rationale for this short-term move is invalidated, and I’ll step aside. When buying near the top of the range, I generally use a small position. I’d rather make less than get shaken out by a 43% swing.
It’s up +5.12% in five minutes, with two consecutive bullish candles on the 15-minute chart. Trading volume over the past hour is $11.76 million, compared with just $1.28 million at the same time on a typical day—that’s 9.20 times higher. The volume is genuinely there, not just the usual one-candle spike.
We also need to be clear about the price level. The current price is 0.0019, and the 24-hour high is 0.001968. The price is at 91% of the day’s range, with a daily amplitude of 43.23%. It’s already near the top of the range, so buying in now means betting on a breakout, not picking up a bargain.
My approach is to wait for it to move above 0.001968 before looking for continuation. If it falls below 0.001811, the volume-based rationale for this short-term move is invalidated, and I’ll step aside. When buying near the top of the range, I generally use a small position. I’d rather make less than get shaken out by a 43% swing.
