$NOT potrebbe scendere dal suo prezzo attuale di 0,00891 a | Mrlegitkb Crypto su Binance Square

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Mrlegitkb Crypto

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$NOT  potrebbe scendere dal suo prezzo attuale di 0,00891 a 0,0078 nelle prossime ore
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Here are a few points that indicate the next potential move of the $DOGS market 1. Triangle Formation (Bearish): The price action shows a descending triangle, typically a bearish pattern. The coin is moving in a downward consolidation, and the break below the horizontal support could trigger further downward momentum. 2. Price Below Moving Averages: The price is trading below both the 7-period and 25-period moving averages (MA7 and MA25). This is typically seen as a bearish signal as the downward momentum is strong. 3. MACD Indicator (Bearish): The MACD line is below the signal line, and the histogram is in the negative zone, which further confirms a bearish bias. The divergence is small but still suggests a continuation of the downward trend. 4. Volume Analysis: There’s been a reduction in trading volume, which suggests a lack of buying pressure to push the price higher. Lower volumes can indicate a weaker move upwards. Conclusion: Based on this chart, the trend currently looks bearish. If the price breaks down from the descending triangle pattern and fails to find support, it could see further declines. However, if it can hold above support levels and volume picks up, the trend could reverse, but as of now, the indicators are favoring a bearish movement. #DOGSONBINANCE #DOGSCommunity #BEARISH #CryptoMarketMoves #DOGS

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Based on the chart for DOGS/USDT, it’s forming a descending triangle, which is usually a bearish pattern. Here’s an analysis of whether to take a short position: Why it might be good for a short trade: 1. Descending Triangle: This pattern often leads to a breakdown below the support level (around 0.0012594). If the price falls below that level with increased volume, it can signal a further downward move. 2. Volume: The declining volume indicates a breakout may be approaching. A spike in volume could confirm a bearish breakout, which would be an ideal time for a short trade. 3. General Market Sentiment: The current 5.49% drop indicates a bearish trend. This supports the idea of shorting if the breakdown occurs. Key Levels to Watch Before Shorting: • Support: The key support level is around 0.0012594. If the price breaks below this with a volume surge, it would confirm a short opportunity. • Confirmation: Wait for the confirmation of the breakdown before entering the trade. Risk Management: • Consider setting a stop-loss above the descending triangle’s resistance line, or above the recent highs around 0.00142 to manage risk. In summary, if the price breaks below the support level with volume confirmation, it could be a good opportunity to open a short position. However, waiting for a confirmed breakout is crucial before entering a trade. $DOGS

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