🚨 $DOGS /USDT Breakout Alert 🚨
The price action has broken out of a consolidation zone, signaling a potential upward movement. We’ve observed a clear shift from a descending channel into a bullish breakout, which could lead to further gains.
📈 Current Price: $0.0011004
🔼 Resistance Levels:
Immediate resistance at $0.0013314Key resistance at $0.0013974 (next target)
🔽 Support Levels:
Strong support at $0.0009903 (critical level to watch)
👀 Trade Setup
Bullish Scenario (Long Trade): Enter above $0.0011050 with targets set at $0.0013314 and a potential extension to $0.0013974.Bearish Scenario (Short Trade): Enter below $0.0009903, with potential targets at $0.0009500 and $0.0009000 if downward momentum strengthens.
📊 Key Insights:
The breakout above consolidation suggests bullish momentum is building.Keep an eye on the resistance at $0.0013314, which could trigger a strong push towards the next target of $0.0013974 if breached.Watch for a pullback to support at $0.0009903 for any signs of weakness, as failure to hold could invalidate the bullish setup.
💡 Risk Management:
Tighten stop-losses below $0.0009903 to protect your downside risk.Always trade within your risk tolerance and avoid overexposing on potential pullbacks.
Make sure to stay updated with this setup as the price approaches critical levels!
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