$DODOX Short Setup Rejection at the Top, Sellers Are Stepping Back In...
Bears are trying to take control...
DODOX is showing clear signs of exhaustion on the 1H chart. After a massive pump up to the $0.03574 level, the price got heavily rejected and is now printing consecutive red candles. The chart is forming a lower high structure, and the price just lost the local support around $0.0330. The order book is starting to flip, showing sellers are gaining confidence. If it breaks below the current level, a sharp drop is highly likely.
SHORT ENTRY: $0.03250 – $0.03300
TP1: $0.03150
TP2: $0.03050
TP3: $0.02900
STOP LOSS: $0.03420
Sell and Trade 👇👇
Bears are trying to take control...
DODOX is showing clear signs of exhaustion on the 1H chart. After a massive pump up to the $0.03574 level, the price got heavily rejected and is now printing consecutive red candles. The chart is forming a lower high structure, and the price just lost the local support around $0.0330. The order book is starting to flip, showing sellers are gaining confidence. If it breaks below the current level, a sharp drop is highly likely.
SHORT ENTRY: $0.03250 – $0.03300
TP1: $0.03150
TP2: $0.03050
TP3: $0.02900
STOP LOSS: $0.03420
Sell and Trade 👇👇
