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.
A COMPLETE SUMMARY OF BUYERS' CONSCIENCES OF $DOGS
For each scalp and day trade we have made using DOGS, we have seen some positive outcomes.
At the moment, DOGS remains a highly anticipated token with positive sentiments from memecoin enthusiasts who are already promoting it. As a result, we have used this aspect as one of the foundations for each of our entries. Only when it takes more than five rejections at a particular price can we observe DOGS entering a market shift. But given its continuous push, it might not happen anytime soon. We shall only use NO MORE than 2% of our capital to trade this token as part of our risk management strategy. As part of the plan, we will continue to seize this token whenever we notice additional savings approaching.
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.
