Technical Analysis for
$DOGS /USDT on the 15-Minute Chart
Price Action Overview
Current Price: $0.0006051
The pair has been in a declining phase, as indicated by the -4.21% drop in the last 24 hours.
A sharp upward momentum earlier reached a high of 0.0007476, followed by a consolidation phase and a downward trajectory.
The 24-hour range shows a high of $0.0006412 and a low of $0.0005941, reflecting moderate volatility.
Key Support and Resistance Levels
Resistance:
First Resistance: $0.0006224 (Yellow Line).
Second Resistance: $0.0007476.
Support:
First Support: $0.0005931 (Near Current Price).
Second Support: $0.0006680.
Indicators Insight
RSI (6): 29.17—indicates oversold conditions, suggesting potential upward correction in the near term.
Trend: Bearish in the short term due to lower highs and lows.
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Short Trade Signal
Entry: Below $0.0006040.
Take-Profit Targets:
1. $0.0005900
2. $0.0005800
3. $0.0005700
Stop Loss: Above $0.0006150.
Long Trade Signal
Entry: Above $0.0006120 (Watch for RSI recovery).
Take-Profit Targets:
1. $0.0006220
2. $0.0006400
3. $0.0006600
Stop Loss: Below $0.0006000.
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Cautionary Notes
1. Watch for stability at the $0.0005931 support level before entering any trades.
2. Monitor the RSI for further confirmation of a reversal or continuation of the bearish trend.
3. Potential breakout levels:
Bullish breakout above $0.0006224.
Bearish breakout below $0.0005900.
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