✅ DODO HAVE A WHALE POSTIONS BUILDING AS ONE OF THE FIRST COINSWe did share today an update about DODO with adding that we will share the reason for adding and here is some content on why DODO is now in an interesting zone.
Normally we have seen this trend into 2016 similar to what DODO now has, it's the position building of some whales. normally
it's adding more than 80% of volume by whales than normally trading. and data shows that BUSD using high for this coin (DODOBUSD)
What means this?
That means that the coin can become an interesting coin - since there are now whales interested to build positions, and we never will know the exact reason for this.
most of the time on 99% of coins we have seen last time no whale building but just trade actions as most %. when a coin did increase there was always TP that recovery it.
of course, there will be always DCA, but we mean about the high % range. The real-time that there was more hold 2016/2017
Should I invest in this coin?
We never give trading advice, and as we always add that any investment can be very risky, all this info is just depending on our view and study.
Do always study and manage your risk in any trade.
This low time frame shows the start of building Whale positions on 03-11-2022
the only we can share is that we see data of building on this coin what was before in years of 2016
What the plan is for these whales exactly we will never know, but building positions means most of the time held for the coming time.
It seems this whale has a DCA plan or is expecting an increase coming time on this coin. our knowledge going only to what we see at this moment.
Positions building means not that it can go down short term, but it means that at the same time more whales can enter.
The last time I see more whale trends that entering and taking profit, the real positions building were at 2016
The target our expect for this coin short term is $0,28
Most of the time when whales build positions they hold higher targets. ( so it can go above $0,28)
