ALL OF THE SCENARIOS ARE POINTING TO EXACTLY 1 DIRECTION FOR #DOGS
If you're new to the bull market and you're feeling 'lost'. You've come into right place.
Here's why.
We have identified 3 possible scenarios for DOGS. First, let's talk about the overall sentiment surroundings this token. Many wants to have this token's value to skyrocket. Which is pretty normal for how volatile the crypto market is. There are many who would rather risk it with memecoins instead of the the cryptocurrencies that have already established a reputable background in the market. Simple reason is the surrounding sentiment from everyone who wants to increase the total value of a specific memecoin and to take the 'chance' of a lifetime. We are not here to discuss this though. Instead, we are here to discuss the direction of this token in 3 specific scenarios.
The 1st scenario involves holding its current market price and retracing back to the Fibonacci levels 38.20%-50%. These levels are considered to be moderate levels for its correction. Hence, the reason why it's considered to be our 1st scenario, which would be tagged as most likely to happen.
As for the 2nd scenario. The probability of DOGS' price to move below the current support holding it is likely to happen. Since there are more traders hopping in the trend of DOGS. Everyone would surely want to get discounted prices and bring the price lower than its current price. Hence, it is safe to assume that the price may be lesser but it will bounce stronger for the demand will strengthen its momentum as well.
We are now at the last scenario. This scenario involves DOGS searching for a new support which could be below the supports highlighted in our analysis. Albeit, the more it tries to find another major support to hold it. Higher chances will be provided to increase its prices. However, we are also taking into account that the more it decreases. There may be a tendency for it to fully falloff. That's why, it's best to always observe this token and expect the unexpected.
TOTAL OVERVIEW OF WHAT BUYERS ARE THINKING ABOUT DOGS
We have got some good results with DOGS for every scalp and day trade we have executed. Right now, DOGS is still a highly anticipated token with high sentiments from memecoin lovers who are already hyping this token up. Thus, we have taken this factor as one of our basis for every entries we have made. The only time we can see DOGS entering a shift in the market is when it will take more than 5 rejections on a certain price. However, with its ongoing pressure, we might not see that anytime soon. As part of our risk management, we will only allocate NOT more than 2% of our capital to trade this token. For the strategy, we will keep on catching this token whenever we can see more discounts coming in.
DOGS, after getting listed has been speculated by many to pump massively. However, right after 1 certain news. DOGS immediately got corrected and went to the lower levels of 0.00097. Right now, after the correction has happened. Many are speculating the prices to get higher. This includes us. Since the current market sentiment of DOGS has been strong even though there were recent swing lows that has happened. We have identified certain bullish blocks at 0.00097, 0.0010. There should be more demands arising from these zones. However, we are also taking into account possible lows to be created before a massive pump may happen.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.