2026-01-12 23:24:10

DOLO experienced a fierce rally last night—surging 47% within 15 minutes. It looked very impressive, but a closer look at the candlestick chart reveals some irregularities.

After reaching a high, the price began to "lose momentum," consolidating sideways at the high for nearly an hour before turning around and starting to decline. This kind of movement is actually somewhat risky from a technical perspective. Why? Because a rapid surge followed by prolonged stagnation often indicates that the bullish momentum is nearly exhausted, and it’s time for profit-taking and selling pressure.

Once the price breaks below this high consolidation zone, it can easily trigger a chain reaction, with selling volume increasing rapidly, potentially leading to a technical correction in the market.

Currently, the key points to watch are: the high-level stagnation pattern has been confirmed, and signs of a pullback have appeared. The selling force is accumulating. The critical factor is whether the support level can hold. If it fails, be prepared for a short-term correction.

Traders, remember one thing—during this kind of market, it’s essential to control your positions carefully and set stop-losses rigorously.

DOLO1,76%

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BtcDailyResearcher

· 19h ago

It's the same old trick again. A 47% increase looks great, but after an hour of stagnation, it starts to drop. It's really very typical. This kind of high-level fluctuation is just the market makers clearing their positions. You must hold the support level.

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SpeakWithHatOn

· 01-15 10:56

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RektButStillHere

· 01-12 23:53

A 47% increase sounds great, but I'm too familiar with this kind of rapid rise and fall... Basically, after accumulating, they start to harvest. If you can't hold the support level, it will really look bad.

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DefiVeteran

· 01-12 23:46

A 47% increase looks great, but I've seen this kind of rapid rise followed by stagnation so many times. Nine times out of ten, it's just a trap to lure more buyers, and a big drop is likely to follow. --- That one-hour sideways movement at the high level is actually the main force offloading, while retail investors are still dreaming. --- Honestly, if this wave really breaks below the support level, there will be a lot of people cutting losses. When that happens, the chain reaction will trigger the need to control positions. --- It's the same pattern again: it's comfortable when it rises, but it hurts more when it falls. I've suffered losses from this several times. --- Stagnation is a signal; the bulls are out of steam. In my opinion, this is the time to reduce positions and not wait to get caught. --- A 47% surge is indeed impressive, but I care more about whether it can hold. If it can't, it's a trap. --- It's always like this: first a big rise to attract attention, then repeated oscillations at high levels to lure more, and finally a large bearish candle completely dumps everything. Truly brilliant.

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ApeWithNoFear

· 01-12 23:37

A 47% increase sounds great, but I've seen too many cases of stagnation, which is a clear sign of pump-and-dump manipulation. It's time to get out.

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CryptoSourGrape

· 01-12 23:29

Oh no, it's this kind of mess again. If only I had woken up yesterday morning... 47%. I was supposed to hold the support level. Now it's my fault for not managing the position well.

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