DLO Defends Mid-Range VWAP – Setup for Mean Reversion

DLO bounced today from a key mid-range VWAP support zone, holding above $10.80 with a +2.79% move. Price has been consolidating for over a month, and this bounce suggests a potential mean reversion back toward the upper range near $11.60.

The lower Bollinger Band held, and price stayed above the green VWAP, showing demand at support. Volume remains below average but steady.

If the price reclaims the red VWAP level convincingly, we may see continuation toward the upper Bollinger Band resistance.

Indicators used:

Anchored VWAP (support & resistance context)

Bollinger Bands (volatility range structure)

Volume & Volume MA (momentum check)

Entry idea: Hold above $11 or breakout above $11.15
Target: $11.60–11.85
Stop: Below $10.65