Money flow of the DOGS/USDT trading pair
Money Flow Analysis (Figure 1)
Large Orders: Large buyers’ positions are 1,864.84 million DOGS, large sellers’ positions are 1,304.93 million DOGS. This shows that large investors are mainly buying, but the fact that the gap between calls and puts is quite narrow may also imply that the market is currently in a state of uncertainty or indecision.
Medium Orders: In medium-sized orders, selling (3,095.35 million DOGS) is greater than buying (2,783.04 million DOGS). This may indicate that some market participants consider the current price level suitable for profit-taking or they expect a further decline.
Small Orders: Small investors show a slight buying trend (buy 2,297.75 million DOGS, sell 2,222.90 million DOGS). This shows that individual investors enter the market with small buy orders, but they do not have enough strength to create a big movement. Price and Technical Analysis (Figure 2)
Price Trend: DOGS/USDT price has fallen by 3.58% in the last 24 hours and is currently trading at 0.0012466. This price is close to the 24-hour low, which may indicate a weakening of the current market conditions.
- EMA Indicators:
- EMA(7) (short-term trend): 0.0012437
- EMA(25) (medium-term trend): 0.0012513
- EMA(99) (long-term trend): 0.0012701
If the price moves between the EMA(7) and EMA(25), this may indicate a potential short-term recovery. However, the fact that the price remains below the EMA (99) suggests that the overall long-term downtrend is still dominant.
Strategy Conclusion and Recommendations
Short-term Strategy: If you are looking for short-term buying opportunities, it might be logical to observe whether the price can hold above the EMA(7), since there is movement between the EMA(7) and the EMA (25).
Long-term Strategy: If a long-term position is considered, a break above the EMA (99) and a permanent movement above this level can be expected.