$DODO /USDT Current price is trading around 0.0187 USDT, showing a -2.60% move over the last 24 hours. After a short-lived breakout attempt near 0.0190–0.0192, price was strongly rejected and pushed back into the previous range. The market is now showing signs of weakness and distribution.
On the 1H timeframe, multiple bearish candles with long wicks are visible, indicating strong selling pressure near resistance. The inability to hold above 0.0190 suggests bulls are losing control, while sellers are actively defending higher levels. Momentum is shifting bearish in the short term.
Key observations:
Rejection from 0.0190 resistance
Breakdown back below intraday support
Weak follow-through on bullish candles
Liquidity sweep toward 0.0185 already completed once
Trade Setup (Short-Biased)
• Entry Zone: 0.0188 – 0.0190
• Target 1: 0.0183
• Target 2: 0.0178
• Target 3: 0.0172
• Stop Loss: 0.0194
If price fails to reclaim and hold above 0.0190 with strong volume, the probability of a deeper pullback increases, potentially leading to a sharper downside move.