Technical Analysis Report: $DOGS /USDT

Current Price: $0.0007789 USDT

Resistance: The chart for $DOGS /USDT shows a recent high at $0.0008856, which is now acting as a significant resistance level. The price has struggled to sustain gains above this point, suggesting a strong selling pressure in this area. A break above this level might indicate a bullish reversal, targeting the 24-hour high of $0.0008590.

Support: The key support level is marked at $0.0007654, aligning with the 24-hour low. This support has been tested recently, and a break below this level could trigger further sell-offs, potentially reaching new lower lows.

Trade Recommendation:

Long Trade: Consider entering a long position if DOGS/USDT breaches and sustains above the resistance at $0.0008856, with a potential target at $0.0008590, placing a stop loss just below $0.0007654.

Short Trade: A break below the support level of $0.0007654 could warrant a short position, aiming for a further decline. Set a stop loss just above this support level to limit risks.

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