🚀 #DOLO – Strong Recovery Targets Major Resistance!
DOLO is trading near $0.02518 after gaining over 21% in 24 hours. Price has recovered strongly from the $0.02009 low after the earlier liquidity spike toward $0.03248 was completely rejected. DOLO’s historical all-time high is $0.3664, while its confirmed all-time low is approximately $0.01994.
The 2H structure has turned bullish as price is above EMA7 at $0.02413, EMA25 at $0.02308, EMA99 at $0.02287, MA44 at $0.02268 and Supertrend at $0.01992. However, price is approaching the $0.02605 upper Bollinger Band and the $0.02670 daily high, making this an important resistance and profit-taking zone.
🟢 Long Setup: Wait for a controlled pullback toward $0.02410–$0.02445 and enter only if the EMA7 and average-price zone hold with bullish confirmation. Keep the stop-loss at $0.02275, with targets at $0.02605, $0.02670 and $0.02880. A confirmed 2H close above $0.02670 could extend the rally toward $0.03004 and the previous spike high at $0.03248.
🔴 Short Setup: Consider a short only if a 2H candle closes below the $0.02265–$0.02268 support zone and a failed retest confirms resistance, with an entry around $0.02245–$0.02265. Keep the stop-loss at $0.02345, with targets at $0.02150, $0.02009 and $0.01925. The bearish setup becomes invalid if price recovers above $0.02345.
Overall bias remains bullish above $0.02308, while a break below $0.02265 would weaken the recovery structure. The 54.54% buy-side order-book ratio supports buyers, but confirmation is still necessary near the $0.02605–$0.02670 resistance zone.
#DOLO #DOLOUSDT #Dolomite #CryptoTrading #BinanceSquare
DOLO is trading near $0.02518 after gaining over 21% in 24 hours. Price has recovered strongly from the $0.02009 low after the earlier liquidity spike toward $0.03248 was completely rejected. DOLO’s historical all-time high is $0.3664, while its confirmed all-time low is approximately $0.01994.
The 2H structure has turned bullish as price is above EMA7 at $0.02413, EMA25 at $0.02308, EMA99 at $0.02287, MA44 at $0.02268 and Supertrend at $0.01992. However, price is approaching the $0.02605 upper Bollinger Band and the $0.02670 daily high, making this an important resistance and profit-taking zone.
🟢 Long Setup: Wait for a controlled pullback toward $0.02410–$0.02445 and enter only if the EMA7 and average-price zone hold with bullish confirmation. Keep the stop-loss at $0.02275, with targets at $0.02605, $0.02670 and $0.02880. A confirmed 2H close above $0.02670 could extend the rally toward $0.03004 and the previous spike high at $0.03248.
🔴 Short Setup: Consider a short only if a 2H candle closes below the $0.02265–$0.02268 support zone and a failed retest confirms resistance, with an entry around $0.02245–$0.02265. Keep the stop-loss at $0.02345, with targets at $0.02150, $0.02009 and $0.01925. The bearish setup becomes invalid if price recovers above $0.02345.
Overall bias remains bullish above $0.02308, while a break below $0.02265 would weaken the recovery structure. The 54.54% buy-side order-book ratio supports buyers, but confirmation is still necessary near the $0.02605–$0.02670 resistance zone.
#DOLO #DOLOUSDT #Dolomite #CryptoTrading #BinanceSquare