Hey Fitpeeps! Here’s an update on $DOGS. 🚀💬
📈 Chart Overview
Current Price: $0.0007484, down by -1.33%.
Volume: 3.748B, indicating significant trading activity, but the price movement suggests consolidation.
Resistance Levels:
$0.0007823: This is a key resistance that needs to be breached for the next upward movement.
$0.0007600: Intermediate resistance, acting as a potential level for short-term pullbacks.
Support Levels:
$0.0007472: $DOGS is currently hovering around this support level. A break below could lead to a further downside move.
$0.0007276: The next support level if the current one fails to hold.
📊 Trend Analysis
Price Action: The price action shows lower highs, suggesting weakening buying pressure. However, $DOGS has found temporary support at $0.0007472.
Trading Range: $DOGS is trading in a range between $0.0007276 and $0.0007823.
🚀 Key Scenarios to Watch
Bullish Scenario: A breakout above $0.0007823 could initiate a bullish run towards $0.0008000 and higher levels.
Bearish Scenario: If the support at $0.0007472 breaks, $DOGS could see a drop towards $0.0007276, which would be a critical support area.
💡 Fitpeep’s Tips
For Bulls: Look for a volume-backed breakout above $0.0007823 to enter long trades, targeting $0.0008000.
For Bears: A breakdown below $0.0007472 could be an entry point for short trades, targeting $0.0007276.
For Scalpers: The current trading range offers opportunities for quick scalps between $0.0007276 and $0.0007823.
📢 Fitpeeps, are you accumulating $DOGS at these levels, or are you waiting for a breakout? Let me know in the comments! 🚀👇
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