DOLO's recent trend is interesting. Starting around 0.040, there have been multiple long lower shadow pin bars followed by rapid surges. This "drop first, then rise" pattern has confused many retail investors.
Now the price has already broken above 0.06411, with two candlesticks directly reaching this high level. From the chart, this doesn't look like a traditional main upward wave. Instead, it resembles the final sprint before the main force completes its chip distribution at high levels—after a vertical spike, a downward test often follows.
The appearance of such vertical upward movement at high levels actually indicates risk is accumulating. The main force is distributing chips at this price level, and the more retail investors that buy in, the greater the subsequent downward space. Similar patterns are often seen; today's rapid surge could turn into a waterfall drop the next day.
So the current issue isn't whether it can continue to rise, but whether it can hold steady at high levels. If it can't, it will directly enter a downward channel. Trading strategies at this point are crucial—either exit early to lock in profits or wait for a pullback to look for opportunities. Hesitating too long can easily lead to being caught.
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ZenMiner
· 9h ago
This move is indeed a bit risky; we've seen too many instances of vertical spikes from high levels.
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ShadowStaker
· 9h ago
vertical pumps right before distribution... seen this movie too many times ngl
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GasFeeCrier
· 9h ago
It's the same old trick, first crashing the price then pulling up to harvest the retail investors.
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FOMOmonster
· 10h ago
It's the same old trick again, I've seen many cases of pump and dump.
This time, DOLO looks really aggressive, hitting 0.06411 and holding strong. It seems like the main players are unloading.
If you can't hold steady at high levels, you better run. Don't wait until the waterfall comes and regret it.
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gas_guzzler
· 10h ago
Vertical surges are always a feast for the bagholders; retail investors are still dreaming while the main players are already at the door.
DOLO's recent trend is interesting. Starting around 0.040, there have been multiple long lower shadow pin bars followed by rapid surges. This "drop first, then rise" pattern has confused many retail investors.
Now the price has already broken above 0.06411, with two candlesticks directly reaching this high level. From the chart, this doesn't look like a traditional main upward wave. Instead, it resembles the final sprint before the main force completes its chip distribution at high levels—after a vertical spike, a downward test often follows.
The appearance of such vertical upward movement at high levels actually indicates risk is accumulating. The main force is distributing chips at this price level, and the more retail investors that buy in, the greater the subsequent downward space. Similar patterns are often seen; today's rapid surge could turn into a waterfall drop the next day.
So the current issue isn't whether it can continue to rise, but whether it can hold steady at high levels. If it can't, it will directly enter a downward channel. Trading strategies at this point are crucial—either exit early to lock in profits or wait for a pullback to look for opportunities. Hesitating too long can easily lead to being caught.