DOGS / TetherUSLong
DOGS/USDT: Price Corrections After Extended Downtrend
Greetings, traders,
The 🐶 DOGS/USDT chart reveals an interesting pattern after a two-month downtrend. We're now seeing short-term price corrections forming across multiple timeframes.
These corrections are consistently reaching the 0.50 and 0.618 Fibonacci retracement levels, as well as the 50-period moving average on each respective timeframe.
Based on this observation, I've identified a potential entry point for a short position at the upper range of $0.002550.
My entry and exit points are clearly marked on the chart for your reference.
Profitable trades to all!
The 🐶 DOGS/USDT chart reveals an interesting pattern after a two-month downtrend. We're now seeing short-term price corrections forming across multiple timeframes.
These corrections are consistently reaching the 0.50 and 0.618 Fibonacci retracement levels, as well as the 50-period moving average on each respective timeframe.
Based on this observation, I've identified a potential entry point for a short position at the upper range of $0.002550.
My entry and exit points are clearly marked on the chart for your reference.
Profitable trades to all!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.