DOLO is currently at the weekly top area, with a clear overbought signal above. From a technical perspective, this position can be considered for a short-selling strategy, but the risk needs to be managed by oneself.



The current price is around 0.0832. If you decide to enter a short position, it is recommended to set the take-profit target at 0.067 and place the stop-loss above 0.0885. This risk-reward ratio is relatively reasonable.

Market fluctuations carry risks. Whether to follow up or not should be evaluated independently, based on your own risk tolerance.
DOLO-2,47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
Add a comment
Add a comment
DefiEngineerJack
· 01-17 11:21
well *actually* your RSI readings look amateur at best... empirically speaking, overbought ≠ imminent dump. where's your formal verification on those support levels?
Reply0
DegenWhisperer
· 01-16 17:25
Hmm... Shorted at 0.0832 and closed at 0.067. The profit is indeed good, but I'm just worried about a false breakout at the top.
View OriginalReply0
mev_me_maybe
· 01-15 08:54
Short position? This guy's technical analysis is indeed good, but I think this crappy coin DOLO is questionable. Can it really drop below 0.067?
View OriginalReply0
BlockchainDecoder
· 01-15 08:53
From a technical perspective, the risk-reward ratio at the price level of 0.0832 is indeed worth considering, and the logic behind setting the range from 0.067 to 0.0885 is still correct.
View OriginalReply0
AirdropBlackHole
· 01-15 08:50
Oh wow, DOLO this time is indeed a bit risky. I'm still a little hesitant to short at the top.
View OriginalReply0
GateUser-c799715c
· 01-15 08:37
Short position, I'm a bit tempted at the 0.0832 level but I chickened out haha
View OriginalReply0
SignatureCollector
· 01-15 08:29
Weekly top short position? I wouldn't dare to bet on it, DOLO is too easy to crash the market.
View OriginalReply0
  • Pin