DODOX
Event Details:
• Event Type: Long Liquidation
• Volume Liquidated: $1.6744K
• Trigger Price: $0.02239
Trade Setup:
• Entry Zone: $0.0222–$0.0225
• TP1: $0.0231
• TP2: $0.0238
• Stop-Loss (SL): $0.0217
📊 Market Analysis:
The long liquidation at $0.02239 indicates that downside liquidity was swept as selling pressure forced weaker holders out of the market, allowing the order book to reset around a key support zone. If buyers absorb the remaining supply near the liquidation level, the price may establish a stronger support base and improve its short-term market structure. Holding above this reclaimed area would signal strengthening spot demand and increase the probability of a recovery toward nearby resistance levels. A sustained breakout above resistance with consistent buying activity could confirm renewed momentum and support further upside expansion.
🛡️ Risk Management: Allocate only a controlled portion of your capital to this spot position and strictly adhere to the predefined stop-loss.
