$DOGS /USDT: RECOVERY UNDERWAY – CAN THE BULLS TAKE CONTROL?
$DOGS /USDT is trading at $0.0004783, down 9.75%, after a sharp drop to its 24-hour low of $0.0004633. The price is now attempting a recovery with RSI nearing overbought levels, indicating potential resistance ahead.
Key Levels to Watch
Resistance 1: $0.0004850 – A breakout could lead to further recovery.
Resistance 2: $0.0005000 – A key psychological level to reclaim bullish momentum.
Resistance 3: $0.0005324 – Clearing this level may confirm a strong upward trend.
Support: $0.0004630 – Holding above this level is crucial to avoid further downside.
Trade Setup
Look for long positions if DOGS breaks above $0.0004850, targeting $0.0005000 and $0.0005324. Failure to maintain $0.0004630 could lead to a retest of $0.0004500.
Monitor volume and momentum closely for a clear direction. Manage risks effectively in this high-volatility environment.