DODOX is due for a pullback with 91% confidence, offering a 1:1.7 risk/reward ratio. Current market conditions are ripe for a short position.
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🔴 $DODOX SHORT 📉
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📍 Entry Range: $0.025186 – $0.025236
🛑 Stop Loss: $0.025967 (-3.0%)
🎯 TP1: $0.024833 (+1.5%)
🏆 TP2: $0.023950 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The CHoCH signal has fired, indicating a break in market structure, while CVD confirms the direction with volume. The presence of an order block, fair value gap, and liquidity sweep further supports this short setup, particularly where the order block overlaps with the fair value gap, creating a strong point of interest.
A 3.0% stop loss seems reasonable, suitable for trades using moderate leverage to maximize the 1:1.7 risk/reward ratio.
Consider taking partial profit at the first target to lock in some gains, given the potential for DODOX to move swiftly in the anticipated direction.
Not financial advice — always manage your own risk 🙏
$DODOX #DODOXUSDT #SMC #TradingSignals #Write2Earn
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🔴 $DODOX SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.025186 – $0.025236
🛑 Stop Loss: $0.025967 (-3.0%)
🎯 TP1: $0.024833 (+1.5%)
🏆 TP2: $0.023950 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal has fired, indicating a break in market structure, while CVD confirms the direction with volume. The presence of an order block, fair value gap, and liquidity sweep further supports this short setup, particularly where the order block overlaps with the fair value gap, creating a strong point of interest.
A 3.0% stop loss seems reasonable, suitable for trades using moderate leverage to maximize the 1:1.7 risk/reward ratio.
Consider taking partial profit at the first target to lock in some gains, given the potential for DODOX to move swiftly in the anticipated direction.
Not financial advice — always manage your own risk 🙏
$DODOX #DODOXUSDT #SMC #TradingSignals #Write2Earn