$DOGS If you are going to buy the dip then wait, it may drop further 📉
🔔 #DOGS✅ is on its way to add another zero and will remain in this price range for some time before the big explosion.
📊 The price on the 4-hour chart has been making lower highs steadily, with two newly formed bearish FVGs as well.
Although it did close below the $0.001 support at one point and added a zero to its price, it bounced nicely in the next candle. A big strong candle sparked some hopes yesterday as it closed above the $0.0011 resistance and looked like it would break above the downtrend line but turned into a rejection in the very next candle.
Now the previous candle that broke the support has this long wick and although it closed above the support, it is still showing weakness. The clue lies in the current candle which is approaching the support level again and the next candle may have every potential to break this support and add zero.
📈 The dotted line below may be the point from which it can reverse which is $0.0009, but even from this point the upward movement will not be fast and may move sideways for some time.
If the price breaks this dotted line as well, we will face another support which will be near $0.0008.
*This is not investment advice. Please do your own research before making any trades.
