DODOhey traders, there is dodo, we waited it for a long time so, we need a close above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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DODOUSDT trade ideas
DODO/USDT ANALYSIS(WATCHLIST) Dodo/usdt has been in a strong downtrend for awhile, which is more evident with the by just looking at the naked chart, Trendline and also by the use of moving average(MA) in this case the Exponential Moving Average(EMA).
We can see that all three EMA 20,50 and 200 shows clearly that its in a downtrend.
If Dodo/usdt can break and then close above the trendline, then we can be assure of a trend reversal, with that our bias will be to go long.
But if it closes below the trendline, then we should look for shorting opportunities.
DODOUSDT - LONG TERM SIGNAL UPDATE!!As you all know, DODO is not performing well from last 6 months and according to the Chart patterns, Decending Bullish Flag is formed, Breakout formation and also indicators giving bullish signal.
LONG Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
DODOUSDT is creating a triangle 🦐DODOUSDT is creating a triangle, between daily structures. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
