#major braking news $DOGS is going to enter another bearish | Ethiel Trade on Binance Square

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Bearish

#major braking news 
$DOGS is going to enter another bearish trend again 
what do you think 
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#BinanceSquareFamily 

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$DOGS will not be saying anything because i don't have enough data to back it up but see this and decide for yourself. #DOGS #BinanceSquareFamily

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https://safu.im/HzkM2nMr

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https://safu.im/Few9dJeC

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#Dogscoin ($DOGS ) Under Pressure: Will it Break Below Key Support $DOGS /USDT Technical Analysis #dogscoin ($DOGS ) has been facing downward pressure in recent trading sessions. As seen on the 15-minute chart, the price is currently testing a crucial support level around 0.0012700. A break below this level could signal a further decline. Key Observations: * Downtrend: The overall trend for DOGS/USDT remains bearish, with the price consistently declining over the past period. * Support Level: The horizontal line around 0.0012700 is acting as a strong support level. If this level breaks, it could lead to a more significant price drop. * Bollinger Bands: The price is currently below the lower Bollinger Band, indicating that it is oversold. However, this does not guarantee a reversal. * Volume: The trading volume seems to be moderate, which could suggest that there is still interest in the DOGS/USDT pair, but it's not experiencing significant buying or selling pressure. Potential Scenarios: * Continuation of Downtrend: If the price breaks below the support level and trading volume remains low, it could indicate a further decline in the price of DOGS. * Rebound: If the price manages to bounce off the support level and break above the resistance level, it could signal a potential reversal and a short-term uptrend. However, it's important to monitor other indicators and factors to confirm this. * Sideways Movement: The price might remain within a range between the support and resistance levels, indicating indecision among traders. Conclusion: While the current trend for DOGS /USDT is bearish, there is always the possibility of a reversal. It's crucial to stay informed about market developments, conduct thorough research, and develop a sound trading strategy based on your risk tolerance and investment goals.

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