$DOGS IF YOU'RE GOING TO BUY THE DIP THEN WAIT, IT MAY DIP FURTHER 📉
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Dogs en route to add one more zero and it'll stay in that price range for some time before the big blast.
📊 The price on the 4H chart has been steadily forming lower highs, with two newly formed bearish FVG as well.
Although at one time it closed below the support of $0.001 and added a zero to its price, but it bounced back pretty well in the next candle. A big solid candle ignited some hopes yesterday as it closed above resistance of $0.0011 and looked to break above the descending trendline but it turned out to be a rejection in the very next one.
Now the previous candle which broke down the support has this long wick and though it closed above the support, it still shows weakness. The proof lies in the current candle which is nearing that support level again and the next one might have all the possibility to break that support and add a zero.
📈 The dashed line underneath could be the point from where it can reverse which is $0.0009, but even from that point the upside move won't be quick and it may run sideways for sometime.
If price breaks that dashed line as well, we're in for another support which will be near $0.0008.
*This is not investment advice. Please do your own research before taking any trade.
