Analyzing the Descending Channel for Alikze's Dogs

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In the latest **technical analysis** of Alikze's Dogs, we observe the price movement within a **descending channel** on the **4-hour timeframe**. Currently, the asset is positioned in the middle of the channel, where there's a notable **demand** that could propel the price upward toward the channel's ceiling.

If the price successfully reaches the **upper boundary**, a correction might occur. A soft landing in the **green box range** would create the potential for growth as demand re-emerges. This scenario suggests that the price could target higher levels, contingent on sustaining buying interest.

However, there's an **alternative scenario** to consider. If the asset encounters significant **selling pressure** at the ceiling of the channel, it could disrupt the middle range's support.

Should this happen, the price might breach the **green box**, leading to further declines toward the lower boundary of the channel, specifically into the **second green box range**.

Conclusion & Advice :

Traders should remain vigilant and watch for price reactions at critical levels within the descending channel. A disciplined approach to entry and exit points, alongside monitoring market sentiment, will be crucial in navigating potential fluctuations. Keeping an eye on selling pressure will help mitigate risks, ensuring informed trading decisions in this dynamic market.