🚨⚠️$DOGS IF YOU ARE GOING TO BUY THE DEEP WAIT IT MAY GO FURTHER 📉
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Dogs are on track to add another zero and will remain in this price range for a while until the big bang.
📊 The price on the 4-hour chart has been steadily making lower highs as well as two recently formed bearish FVGs.
Although at one point it closed below the $0.001 support and added a zero to its price, but it bounced back quite nicely on the next candle. The big solid candle yesterday sparked some hopes as it closed above the $0.0011 resistance and seemed to break above the descending trendline, but that turned out to be a rejection on the very next candle.
Now the previous candle that broke support has this long wick and although it closed above support it still shows weakness. The proof is in the current candle which is approaching this support level again and the next one may have a good chance of breaking this support and adding a zero.
📈 The dotted line at the bottom may be the point from which it may reverse which is $0.0009 but even from this point the move up will not be fast and it may go sideways for a while.
If the price also breaks this dotted line, we will have another support which will be around $0.0008.
*This is not investment advice. Please do your own research before making any trades.
#DOGSONBINANCE