Trade Setup:
$DOLO /USDT (Perpetual)
The price is currently hovering near a minor support level. However, given the bearish momentum of the last few red candles, a "Long" entry requires a bounce, while a "Short" would play the continuation of the dip.
Option A: Long (Aggressive)
Entry Price: $0.03720 - $0.03732 (Current Area)
Take Profit (TP): $0.03850
Stop Loss (SL): $0.03610 (Just below the recent local low)
Option B: Short (Trend Following)
Entry Price: $0.03730
Take Profit (TP): $0.03615
Stop Loss (SL): $0.03820
Key Market Data Points
24h High: $0.03938
24h Low: $0.03575
Current Trend: The 180-day change is -83.19%, indicating a heavy long-term bearish trend. Use caution and tight stop losses.
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