$DOGS
/USDT technical analysis and trade strategy with three target levels.🎯🚀
Technical Analysis:
Current Price: 0.0008657
24h High: 0.0008726
24h Low: 0.0007702
Volume: 59.90B DOGS traded against 49.00M USDT, indicating high market interest.
Moving Averages (MA & EMA): Both are showing an upward trend (+7.03% for MA and +20.08% for EMA), which signals bullish momentum.
Bollinger Bands (BOLL): The price is moving within a broader range (+56.80%), suggesting potential volatility, but current bullish momentum indicates potential upside.
Key Levels:
1. Support Zone: 0.0007702 (24h Low) - This level could act as a support. If the price moves below this, it may be a signal to exit or reconsider entry.
2. Resistance Zone: 0.0008726 (24h High) - Watch for a breakout above this level, indicating stronger bullish momentum.
3. Mid-Term Target Zone: 0.0009000 - A reasonable near-term target if the bullish trend continues, aligning with the upward movement from both MA/EMA and MACD signals.
Trade Strategy:
1. Entry Point:
Buy when the price holds above 0.0008600, confirming sustained bullish momentum.
Look for a slight retracement towards 0.0008600–0.0008650 for better risk-to-reward entry.
2. Stop Loss:
Place a Stop Loss just below 0.0007702 (24h Low). If the price falls below this, it would invalidate the current bullish trend and indicate a deeper correction.
3. Target Levels:
Target 1: 0.0008726 (24h High) – Close positions or scale out at this level for short-term profits.
Target 2: 0.0009000 – Mid-term target if momentum persists, aiming for further upside potential.
Target 3: 0.0009200–0.0009400 – Long-term target if the uptrend continues, with room for further profit taking.
4. Monitor for Reversal:
Keep an eye on MACD and SAR for signs of bearish divergence or reversal signals. If MACD turns bearish or SAR flips to a buy signal, you may consider adjusting targets or exiting early.