$DOGS
/USDT technical analysis and trade strategy 🎯 🚀
1.Price Action:
The current price is $0.0008646, which has increased by 7.52% in the last 24 hours. The price recently touched a high of $0.0009475 and has a low of $0.0008002. This indicates some volatility, but a positive overall trend in the short term.
2. Key Levels:
Support: $0.0008002 (24h low)
Resistance: $0.0009475 (24h high)
Trade Strategy
Given the current market conditions, here’s a strategy with three potential target levels:
1. Entry:
Buy around $0.0008551 (slightly below current price). Look for signs of consolidation or support around this level. If the price drops, this level may act as a potential buy point with a stop loss just below $0.0008002.
2. Target 1 (Short-Term):
$0.0009000 (Target 1) – This is a conservative first target, around $0.0009000, where the price might find some resistance or show signs of a temporary pullback.
Exit/Take Profit 1: If price reaches $0.0009000 and shows signs of resistance, take partial profits.
3. Target 2 (Medium-Term):
$0.0009475 (Target 2) – This is a natural resistance zone, where the price recently hit a high. A breakout above this could signal further upward momentum.
Exit/Take Profit 2: Consider taking another portion of your position off if the price reaches this level and shows signs of consolidating or retracing.
4. Target 3 (Long-Term):
$0.0010000 (Target 3) – If the price breaks above $0.0009475 and sustains the upward momentum, the next target would be $0.001, a round psychological level.
Exit/Take Profit 3: If the price continues to rise toward $0.001, exit your remaining position or scale down your trade.
Stop Loss:
Set a stop loss around $0.0008000 (just below the recent low). This protects your trade in case of a significant pullback.
Risk/Reward:
If the entry is around $0.0008551 and your stop loss is at $0.0008000 (risking about 5.5%), the potential reward could be 5% to 16% (depending on the targets you choose).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored
