DOGS / TetherUSLong
DOGS/USDT Attempting Breakout After Downtrend
hello guys...
Broken Channel: The price broke out of the descending channel, suggesting the potential start of a reversal.
Key Levels:
Broken Channel: The price broke out of the descending channel, suggesting the potential start of a reversal.
Key Levels:
- Support: $0.0005900 zone (highlighted in purple as QML or Quasimodo level) is holding as a critical demand area.
- Resistance: $0.0007940 is the next target if the momentum continues upward.
- Engulfing Pattern: A bullish engulfing candle near support indicates buying interest, strengthening the reversal case.
- Projection: After a possible retest of the QML zone, a rally toward the $0.0007940 resistance level is expected. Continuation beyond this level could push the price toward $0.0010000.
- Risk: Failing to hold the QML zone could signal a return to the previous downtrend.
Note
in short time frame we can see another QML is formed!
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