💥💥$DOGS Data analysis and signal💥💥
Dumping📉📉📉📉
Current Price: DOGS is priced at 0.0008407 USDT, showing a 2.00% decrease in the last 24 hours.
⬇️Short Below 👉0.0008120
⬆️Long Above 👉0.0008458
I would recommended short trade but wait for limit entry 🚫
⬆️24h High: 0.0008679 USDT
⬇️24h Low: 0.0008120 USDT
The price is fluctuating near the lower end of the 24-hour range, indicating possible downward pressure.
High trading volumes can suggest significant interest, but with a price drop, it could imply selling pressure.
The short-term moving average is just above the current price, suggesting minor resistance at the 0.0008458 level.
Key Observations:
The price is trending below the 7-day and 25-day moving averages, indicating a possible bearish trend.
There's been a recent low at 0.0007956 USDT, showing significant volatility in the past few days.
Recommendation:
Watch for Support: If the price stabilizes around 0.0008120 USDT (the 24h low), it could be a sign of short-term support.
Resistance Levels: Immediate resistance seems to be near 0.0008458 (7-day MA) and 0.0008556 (99-day MA).
Trading Volume: High volume suggests that a lot of trading is happening, but the price drop indicates more selling than buying, so monitor this to see if a reversal happens.
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