$DOGS
Trend:
Price is below all major moving averages (MA(7), MA(25), MA(99)), indicating bearish momentum.
MACD:
Await confirmation for potential bullish divergence near $0.0005300.
Bollinger Bands:
Price near the lower band may indicate an oversold scenario, which could lead to a short-term rebound.
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Trading Strategy:
1. For Buyers:
Look for a break above $0.0005308 (MA(7)) to confirm a reversal.
Set stop-loss at $0.0005179 to minimize downside risk.
2. For Sellers:
Watch for a breakdown below $0.0005179 to target $0.0005043.
Resistance levels around $0.0005308 and $0.0005525 can be used for short positions.
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