$DOGS Approaching Key Levels – Time to Trade the Reversal?

$DOGS on the short-term chart shows a bearish sentiment with the RSI at 25.66, indicating oversold conditions, while the MACD at -0.0000153 suggests continued downward momentum. The price is nearing the lower Bollinger Band at $0.0009447, hinting at potential support.

On the hourly chart, $DOGS reflects a stronger bearish trend with an RSI of 20.80, further confirming oversold conditions. The MACD at -0.0000155 and a SAR of $0.0010332 reinforce the bearish outlook.

The daily chart aligns with this sentiment, as the RSI at 30.986 remains low, and the ATR at 0.0002537 indicates heightened volatility.

For spot trading, a bullish entry could be considered if price breaks above the hourly EMA_10 at $0.0009501, targeting an exit at the SMA_10 of $0.0009576 with a stop-loss at $0.0009400. Conversely, a bearish spot trade might involve entering at the current level, with a target exit at $0.0009226 and a stop-loss at $0.0009600.

**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.

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