🚨🔥 $DOGS /USDT ON THE 1-HOUR CHART 🔥🚨
Overview of Price Action: DOGS/USDT has displayed remarkable bullish momentum, climbing by 30.05% in the last 24 hours. The coin has surged from a recent low at 0.0005415 to reach a peak of 0.0007903, suggesting strong upward momentum and trader interest. The current price pullback indicates a potential retracement or consolidation before the next move.
Current Price: 0.0007509
Entry Price for Trades:
Long Entry: 0.0007500 (to ride potential further upward momentum)
Critical Levels to Watch:
Resistance Level: 0.0007903 – The recent high and key breakout level for further upside movement.
Support Level: 0.0007115 – Important for maintaining the current bullish trend; a break below might indicate a cooling phase.
Key Support: 0.0006203 – A deeper retracement zone, signaling potential trend shifts if broken.
Take-Profit Targets:
1. TP1: 0.0008028 – Near the recent spike’s potential next high.
2. TP2: 0.0008500 – Strong target if momentum continues.
3. TP3: 0.0009000 – Ambitious target for aggressive traders eyeing sustained rallies.
Stop-Loss Level:
Stop-Loss: 0.0007115 – Placed at the nearest support level to manage downside risk.
Cautionary Note: Traders should watch the price action closely for signs of consolidation or weakening momentum around the 0.0007903 resistance. Stability above this level is crucial for the continuation of the bullish trend. Conversely, a failure to maintain support at 0.0007115 may signal a potential pullback to lower levels.
Stay alert and trade smart.
