*Trade Analysis 53: Has
$DOGS Hit Rock Bottom?*
$DOGS has plummeted 42%
$DOGS from its recent high of $0.00166 and 31% from its initial launch price of $0.0014. However, the coin appears to have found support at $0.00096, with two recent lows on September 4th and 7th.
*Potential Scenarios:*
1. *Further Decline:* Despite the higher low, the bearish market sentiment may push prices lower. If the price drops below $0.00096 with high volume, consider shorting with a stop-loss above the red bearish candle's high.
2. *Breakout Rise:* A shift in market sentiment and positive developments in the Telegram CEO case could trigger a breakout. If the price surges above $0.00114 with high volume, consider going long and taking profits at $0.00133 or holding for long-term gains.
*Trade Smarter!*
This analysis aims to help you make informed trading decisions. Stay vigilant and adapt to market changes. Peace out!
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