$DOGS next move❓ | SHAYOKH 4 Help on Binance Square

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DOGS

0.0006729

-5.15%

3k

0

Replies 0

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Technical Analysis of $DOGS Chart Let's analyze the chart to predict the next move in the next 6 hours: Key Observations: * Downward Trend: The overall trend of the chart is bearish. The price has been consistently declining over the past few days. * Support and Resistance: The price seems to be finding support around the 0.0006700 level. There is a strong resistance level at 0.0007000. * RSI (Relative Strength Index): The RSI is currently below 50, indicating that the asset is oversold. This suggests a potential short-term reversal to the upside. * MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, which is a bearish signal. However, the MACD histogram is starting to show signs of bullish divergence, which could indicate a potential upward move. Possible Scenario: Given the current technical indicators and price action, it is possible that the price of DOGSUSDT could make a short-term move upwards in the next 6 hours. However, the overall bearish trend is still in place, and a sustained upward move is unlikely unless there is a significant change in market sentiment or a bullish catalyst. Potential Trade Strategies: * Short-Term Traders: If you're a short-term trader, you could consider buying near the 0.0006700 support level with a stop-loss below the recent low and a target near the 0.0007000 resistance level. * Long-Term Traders: If you're a long-term trader, it's advisable to wait for a clearer bullish signal or a break above the 0.0007000 resistance level before considering a long position. Remember: Crypto markets are highly volatile, and prices can change rapidly. Always use stop-loss orders to manage your risk.

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short time tread $DOGS buy market price #sell 0.00070 to 0.00090

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