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DOLO's performance over the past two days warrants caution. Looking back at recent trends, from the 22nd to the 28th, the price nearly doubled, but the day before yesterday it clearly peaked. The current situation is two consecutive days of decline, and the formation has already confirmed the establishment of a downward channel.
From a daily chart perspective, the current price remains relatively high. What does this mean? There is still ample room for downside. The pattern of daily pullbacks from a high level on the market chart usually indicates that a deeper correction is still ahead. Short-term traders with a bearish outlook might consider this position as a potential entry point.
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The top signal is so obvious, why are people still chasing?
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Another round of cutting leeks, same old trick.
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A pullback from the high levels, the bears should be happy.
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From 22 to 28, that wave of gains, now it feels like everything has been wiped out.
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Is it real? The downtrend channel is confirmed, and you still dare to buy in?
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Short-term shorting? I think I’ll wait and see, this coin is too impulsive.
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It’s always like this—big surge followed by big drop, it’s predictable.
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Plenty of room for decline means plenty of room for losses.
Dropping from high levels, be careful not to get trapped, short sellers are excited again.
The recent decline of DOLO has just been confirmed, deep correction is not over yet.
It's another high-level daily decline, every time they say the opportunity is coming, but what’s the result?
Be cautious, don’t chase shorts, the pullback is the real opportunity.
This top is too obvious, I dare not buy the dip before the rebound.
A pullback from the high is indeed risky, but I still remain bullish, betting on a rebound.
I haven’t acted on DOLO these past two days, waiting to see, afraid of getting caught.
Downward channel? Don’t be too absolute, a reversal can happen at any time.
The short sellers have entered, but I’m still observing, feeling there’s still hope.
Two consecutive days of decline and claiming a downtrend channel is too arbitrary.
Short-term opportunities are indeed good, but the risks are not small, be cautious.
After doubling, the price often drops even more sharply, this time DOLO might really need to adjust.
Relative high levels are all illusions; the key is whether it can stabilize later.
The bears are sharpening their knives, waiting to harvest the leeks.
A pullback from a high level is indeed dangerous, but I still believe there will be a rebound. If you don't believe it, let's wait and see.
The top signal for DOLO this time is very obvious. I have already reduced my position by half.
Shorting is okay, but set a good stop-loss. Don't be greedy.
I've seen this kind of high-level plunge many times before, and in the end, it's always a trap to lure more buyers.
But on the other hand, no one can predict what will happen in the next second. The crypto world is just that crazy.
I think it will continue to fluctuate, so don't rush to go all-in on the bears.
There's still so much room, keep pushing down.
It's the same old shorting rhythm, be careful of a rebound hitting you in the face.
I've seen many pullbacks from high levels, but I've never seen anyone truly make money.
If this wave still dares to buy in, they truly don't know life or death.
When did DOLO become so fierce? Why didn't I notice it before?
The signs of a top are so obvious, how come some people haven't run yet?
Shorting is okay, but don't say I didn't warn you. A rebound could turn into a nightmare.
I'm tired of hearing this set of excuses. Let's see how much it drops first.
This high level is being hammered down, and it might take a while to stabilize, it's a bit scary.
I'm just here to watch the show, you short sellers, keep it up.
DOLO this wave is a bit fierce, once it peaks, it's definitely peaked.
Short-term friends are probably sharpening their knives, wishing everyone big profits.
I have no holdings in my wallet, can only watch helplessly, a bit regretful.
This rhythm is a bit desperate, do we really need to keep going down?
After doubling, it indeed retraced, which is very normal, nothing new.
I'm very familiar with this rhythm of falling back from high levels. The last time I bottomed out, the head and shoulders top also tricked me this way. Dare I short again this time? I guarantee it's another bout of bottom-fishing addiction.
The technical indicators are indeed full of dangerous signals, but I'm more afraid of my own hands.