$DOGS : Has the Bite Finally Stopped?
The Dogecoin Killer has been feeling the heat lately, dropping by a significant 42% from its recent peak. But is this the bottom, or just a pit stop on the way down?
Let's break down the potential scenarios:
1. More Bites to Come?
While DOGS has shown some signs of stabilization, it could still be heading for a deeper dive. If the price dips below the $0.00096 support level with heavy trading volume, it might be time to consider shorting. Just make sure to set a stop-loss above the high of the bearish candle to limit your losses.
2. A Bite Back?
On the flip side, a positive shift in market sentiment or developments in the Telegram CEO case could give DOGS a much-needed boost. If the price breaks above the $0.00114 resistance level with strong volume, it's a potential buy signal. Consider taking profits around $0.00133 for a quick win, or holding for long-term gains if you're feeling bullish.
So, will $DOGS find its footing, or will it continue to take a beating? Only time will tell.
