$DOGS
/USDT Technical Analysis and Trade Strategy🎯🚀
Current Price: 0.0007291 USDT
Bollinger Bands:
Upper Band: 0.0007452
Middle Band: 0.0007260
Lower Band: 0.0007069
SAR: 0.0007414
24h Change: -5.73%
Key Levels:
Support: 0.0006734 (24h Low)
Resistance: 0.0007766 (24h High)
Bollinger Band (Middle): 0.0007260
SAR: 0.0007414 (Resistance)
Trade Strategy:
1. Bearish Scenario (Short)
If the price breaks below the support at 0.0007069 (Lower Bollinger Band), it could indicate a continuation of the downtrend. A potential short setup could be as follows:
Entry: 0.0007050 (after confirmation of price rejection at the support)
Stop Loss: 0.0007450 (just above the SAR value at 0.0007414)
Target 1 (T1): 0.0006734 (previous 24h low)
Target 2 (T2): 0.0006400 (next key support level)
Target 3 (T3): 0.0006000 (psychological support)
2. Bullish Scenario (Long)
If the price breaks above 0.0007414 (SAR and upper Bollinger Band), it could indicate a reversal and an upward movement. A potential long setup could be as follows:
Entry: 0.0007430 (after confirmation of a bounce above SAR)
Stop Loss: 0.0007069 (near the lower Bollinger Band)
Target 1 (T1): 0.0007766 (previous 24h high)
Target 2 (T2): 0.0008000 (psychological resistance)
Target 3 (T3): 0.0008500 (next resistance zone)
3. Range-Bound Scenario (Consolidation)
If DOGS/USDT remains between 0.0006734 (support) and 0.0007766 (resistance), it might be best to trade within this range:
Long: Buy near support at 0.0006734
Short: Sell near resistance at 0.0007766
Stop Loss for both: Place a stop loss just outside the range: below 0.0006734 for long, above 0.0007766 for short.
Conclusion:
For a bearish trend, watch for a breakdown below the lower Bollinger Band and the 24h low to enter a short.
For a bullish trend, wait for a break above the SAR and upper Bollinger Band for a long entry.
For range-bound action, take advantage of the support and resistance levels, entering long near support and short near resistance.