$DOGS
/USDT Technical Analysis and Trade Strategy š šÆ
Technical Analysis for DOGS/USDT
Price: 0.0007464 (up 7.58% in 24 hours)
24h High: 0.0007721
24h Low: 0.0006782
Bollinger Bands (20, 2):
Upper Band: 0.0007541
Middle Band: 0.0007275
Lower Band: 0.0007010
Parabolic SAR (0.02, 0.2): 0.0007151
Key Levels
1. Support:
0.0007010 (Lower Bollinger Band)
0.0007151 (SAR)
2. Resistance:
0.0007541 (Upper Bollinger Band)
0.0007721 (24h High)
Trade Strategy
Trend: The price is showing bullish momentum as it's trading above the middle Bollinger Band and close to the upper band, suggesting a potential continuation of the upward move.
Buy Zone:
Look for price retracements to the 0.0007151 (SAR level) or 0.0007010 (Lower Bollinger Band) for potential buy opportunities. If the price stays above the SAR or middle Bollinger Band, it may signal further upside potential.
Target Levels šÆ:
1. Target 1: 0.0007541 (Upper Bollinger Band) ā Initial resistance target. If the price breaks through here, it could accelerate toward higher levels.
2. Target 2: 0.0007721 (24h High) ā Short-term resistance to watch for potential reversal or continuation.
3. Target 3: 0.0008000 (Psychological Resistance) ā If bullish momentum continues, this level could be a reasonable long-term target based on current trends.
Stop-Loss:
Place a stop-loss around 0.0007010 (Lower Bollinger Band) or 0.0007151 (SAR), depending on your risk tolerance. If the price falls below these levels, it could signal a bearish reversal.
Summary:
Buy at price retracements near 0.0007151 or 0.0007010.
Target 1: 0.0007541
Target 2: 0.0007721
Target 3: 0.0008000 (if trend continues).
Stop-Loss: 0.0007010 or 0.0007151.
This strategy takes into account the current bullish trend and key support/resistance levels while managing risk through a stop-loss.
