Current Price: $0.0007624 USDT
24h High: $0.0008434
24h Low: $0.0007357
Analysis:
The DOGS/USDT trading pair has experienced a decline of -8.24% over the past 24 hours. The current price hovers near the lower end of today's range, suggesting bearish pressure. The price failed to sustain higher levels near the day's high and corrected downwards significantly, breaking past several minor support levels.
Trading Strategy:
Short Trade: Considering the current bearish momentum and price positioning near the 24-hour low, traders might look for short entry opportunities below the current price, targeting lower support levels.
Stop Loss: It's advisable to set a stop loss slightly above the recent minor resistance level to mitigate potential losses should the market sentiment shift unexpectedly.
This analysis indicates a stronger bearish inclination in the market as of now, with potential further downside if the selling pressure continues.
