Technical Analysis for $DOGS /USDT on the 15-Minute Chart

Price Action Overview

Current Price: $0.0006051

The pair has been in a declining phase, as indicated by the -4.21% drop in the last 24 hours.

A sharp upward momentum earlier reached a high of 0.0007476, followed by a consolidation phase and a downward trajectory.

The 24-hour range shows a high of $0.0006412 and a low of $0.0005941, reflecting moderate volatility.

Key Support and Resistance Levels

Resistance:

First Resistance: $0.0006224 (Yellow Line).

Second Resistance: $0.0007476.

Support:

First Support: $0.0005931 (Near Current Price).

Second Support: $0.0006680.

Indicators Insight

RSI (6): 29.17—indicates oversold conditions, suggesting potential upward correction in the near term.

Trend: Bearish in the short term due to lower highs and lows.

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Short Trade Signal

Entry: Below $0.0006040.

Take-Profit Targets:

1. $0.0005900

2. $0.0005800

3. $0.0005700

Stop Loss: Above $0.0006150.

Long Trade Signal

Entry: Above $0.0006120 (Watch for RSI recovery).

Take-Profit Targets:

1. $0.0006220

2. $0.0006400

3. $0.0006600

Stop Loss: Below $0.0006000.

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Cautionary Notes

1. Watch for stability at the $0.0005931 support level before entering any trades.

2. Monitor the RSI for further confirmation of a reversal or continuation of the bearish trend.

3. Potential breakout levels:

Bullish breakout above $0.0006224.

Bearish breakout below $0.0005900.

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#CryptoTrading #DOGSUSDT #BinanceSignals #TechnicalAnalysis #CryptoTips