🚀 SMC Signal Alert: DOGS/USDT 🚀

📈 Current Market Data:

Price: $0.0013217

24H Change: +2.38%

24H High: $0.0018000

24H Low: $0.0012100

🔍 Technical Analysis:

Support Level: $0.0012100

Resistance Level: $0.0018000

Moving Averages:

MA(5): 178,858,102,817

KDJ Indicators suggest a mixed signal but leaning towards bullish.

🕯️ Candlestick Analysis:

The recent price action shows a Bullish Engulfing** pattern on the 4-hour chart, indicating a potential continuation of the upward trend. The price is currently above the support level of $0.0012100, with a positive momentum.

📉 RSI Analysis:

RSI Level: 46.5 (Neutral to Bullish)

The RSI is neither in the overbought nor oversold zone, suggesting that there’s still room for upward movement. A neutral RSI often indicates consolidation or a potential for a bullish breakout.

💡 Predicted Direction:

Bullish: Given the recent bullish pattern and the price being above the support level, DOGS/USDT has the potential to move higher.

Long Entry: Consider entering a long position near the current price of $0.0013217 or on a pullback towards the support level of $0.0012100.

Target Price: $0.0018000

Stop Loss: Set your stop loss just below the support level at $0.0012100 to manage risk.

⚠️ Risk Management:

Implement appropriate risk management strategies. Ensure your stop loss is placed correctly and adjust your position size based on your risk tolerance.

📈 Strategy:

For short-term traders, focus on capturing gains as the price approaches the resistance level of $0.0018000.

For swing traders, consider holding the position if the price shows strong bullish momentum, aiming for a target of $0.0018000 or higher.

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