#DOGS/USDT#DOGS
The price is moving in a descending channel on the 4-hour frame and is about to rebound down
We have a trend to stabilize below the moving average 100
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a resistance area at the lower limit of the channel at a price of 0.001000
Entry price 0.10005
First target 0.001037
Second target 0.001080
Third target 0.001127
Dogs_telegram
DOGS long setup / Bulls or Bears, Tell me in CommentsBINANCE:DOGSUSDT
GATEIO:DOGSUSDT
Hello Traders
💥Long position on DOGS
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.001097
0.001125
0.001158
0.001190
0.001221
0.001263
🔴SL:
0.00100
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
DOGS LEVELSFrom a technical analyst's perspective, the chart for DOGE/USDT shows a clear downward trend moving within a descending channel 📉. Let’s break down the key elements:
1. Descending Channel: The price is moving within a well-defined descending channel, indicated by the black and red lines. This suggests continuous selling pressure and lower highs and lows. 📉
2. Support and Resistance Zones:
- Green Zones: These represent resistance levels, where the price may face selling pressure and could potentially drop. 💥
- Red Zones: These indicate support levels, where buyers might step in, and the price could bounce upwards. 🛡️
3. Current Price: The current price, around 0.0010409, appears to have recently bounced off the lower boundary of the channel, indicating a short-term upward move. 📈
4. Extended Channel: This note suggests that the descending channel may continue to influence price action, with the possibility of further downward movement unless a breakout occurs. If the price breaks out either upward or downward, it could signal a trend reversal. 🔄
📊 In summary, the chart reflects a strong bearish trend, but there is potential for short-term corrections as the price interacts with the support or resistance zones. Traders typically watch for channel breakouts to confirm a continuation or reversal.
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DOGSUSDT📊 #DOGSUSDT
⏱ TIME: 30M
📝The price broke its support level and moved down.
It is now pulling back to this range and is expected to move towards 0.5 and 0.618 fibo from here. The range (blue box) is checked to see if it has reversal potential.
But if the green range is broken and the blue trend line is broken, it has the potential to move higher.
+ If it goes up, the analysis will be updated.
+Note: the probability of downward movement is higher than upward movement
⭕️risk: HIGH
📍BUY ZONE:
DOGSUSDT📊 #DOGSUSDT
⏱ TIME: 30m
📝The price is in the form of a triangle. If this triangle is broken upwards, it will cause the price to rise up to the specified ceiling. Green arrow, and if it is broken, the price is in a very important range. OK loss, half Fibonacci retracement can be a reversal point.
⭕️risk:HIGH
📍buy zone:0.00113 , 0.00099
#DOGS/USDT#DOGS
The price is moving in a downtrend on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.001250 from which the price rebounded and
Entry price 0.001290
First target 0.001390
Second target 0.001478
Third target 0.001590