$DOGS
/USDT Technical Analysis & Trade Strategy 🎯
1. Current Price & Market Data
Current Price: $0.0007004
24h High: $0.0007470
24h Low: $0.0006863
24h Volume (DOGS): 25.82B
24h Volume (USDT): 18.28M
24h Change: -4.80% (slight decline)
2. Indicators & Support/Resistance
Support: $0.0006863 (recent low, key support zone)
Resistance: $0.0007084 (previous high, key resistance)
MACD (1h): Bearish, indicating possible further downside or consolidation.
RSI (1h): 44, indicating neutral conditions, with potential to lean toward oversold.
3. Trade Setup
Entry Zone: $0.0006900 - $0.0007000 (near support or during consolidation)
Stop-Loss: $0.0006800 (below key support)
4. Target Levels 🎯
1. Target 1: $0.0007080 (immediate resistance)
2. Target 2: $0.0007200 (next resistance level)
3. Target 3: $0.0007400 (strong resistance, breakout level)
Trade Strategy
1. Entry: Enter near $0.0006900 - $0.0007000 during a potential bounce.
2. Stop-Loss: Set stop-loss at $0.0006800 to manage risk.
3. Profit-Taking: Consider taking partial profits at $0.0007080 and $0.0007200, then hold for $0.0007400 if bullish momentum continues.
Risk-Reward:
Risk: $0.0000200 (Entry: $0.0007000, Stop-Loss: $0.0006800)
Reward:
Target 1: $0.0000084
Target 2: $0.0000200
Target 3: $0.0000400
Conclusion
This setup offers a 1:3 to 1:5 risk-reward ratio with potential for a short-term reversal. Watch for confirmation of the price action near support to enter the trade.