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DOGSUSDT trade ideas

$DOGS Trading Idea: Falling Wedge Breakout with Retest IncomingWe’ve just witnessed a classic breakout from a falling wedge pattern on BINANCE:DOGSUSDT . After an extended downtrend, marked by lower highs (LH) and lower lows (LL), the asset broke through the wedge resistance, signaling a potential bullish reversal. This pattern, known for its bullish nature, often indicates an upcoming shift in momentum from sellers to buyers. Key Levels & Strategy: Entry Point: The optimal entry for this trade would be around the 0.001030 area, which coincides with an order block (OB) just below the current price action. This level presents a good opportunity as we expect DOGSUSDT to retest this zone before making its move upwards. Stop Loss: For risk management, consider placing your stop loss slightly below the OB. There are two scenarios to accommodate different leverage profiles: High Leverage Traders: Use a stop around 0.001010 to manage the increased risk. Low Leverage Traders: A more conservative stop should be set around 0.000974 to allow room for volatility. Take Profits: Scaling out profits is key in volatile markets like DOGSUSDT. Here are the take profit (TP) levels: TP1: 0.001163, aligning with a strong resistance point. TP2: 0.001346, marking the next major liquidity zone. TP3: 0.001659, the upper target where DOGSUSDT could reach if bullish momentum sustains. Market Sentiment: The overall market structure has been shifting in favor of the bulls after several CHoCH (Change of Character) moments during the downtrend, hinting that bears are losing strength. The falling wedge breakout further supports the case for an upside movement. In such scenarios, patience is key as we wait for the retest of the OB and the market to confirm bullish momentum.
Long
by MadeByAK
2
DOGSUSDT: A Bullish Breakthrough Awaits DOGSUSDT has recently shown promising upward momentum, currently trading at $0.000733. Several indicators suggest that this trend could continue. Firstly, the Relative Strength Index (RSI) is hovering around 65, indicating that DOGSUSDT is approaching the overbought territory but still has room for growth before hitting resistance. A reading above 70 typically signals overbought conditions, suggesting potential profit-taking; however, the current RSI indicates that bullish momentum is still prevalent. Secondly, moving averages (MAs) paint a positive picture. The short-term 20-day MA has crossed above the longer-term 50-day MA, a pattern often referred to as a "golden cross." This is a classic bullish signal suggesting that the upward trend is likely to gain further strength. Additionally, trading volume has significantly increased over the past few days, which typically confirms the sustainability of a price increase. A rise in volume often indicates heightened interest and investor confidence in the asset, reinforcing the bullish outlook. Lastly, the overall market sentiment remains optimistic, driven by growing interest in meme coins, of which DOGSUSDT is a part. Social media discussions and community engagement have surged, which historically correlates with price rallies for cryptocurrencies in this niche. In conclusion, based on the RSI, moving averages, and trading volume, the indicators are favoring a bullish outlook for DOGSUSDT. If the price maintains above $0.000700, it could set the stage for further gains, potentially reaching new resistance levels in the near term.
Long
by SafeCryptoSignals
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081. After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed. Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom. At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly Resistance levels: 0.000885, 0.000938 Support levels: 0.00081 After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;) Regards R. Linda!
Long
by RLinda
1
Dogs updateBINANCE:DOGSUSDT surges after retesting the all time low support at 0.0006$, at got rejected from the resistance price zone at 0.00082$, if the market sentiments remain bullish we might see some pump again in #dogs but it is not looking like that it is going to make any new all time high right now may be it will be possible if telegram founder will release, well for now if bitcoin remain bullish dogs will retest this resistance zone of 0.00082$-0.0008$ and also there are 5% chances that it will 0.00094$ again.
by Beyoglu_Analyst
DOGS/USDT - H&S Pattern Signals a Potential Reversalhello guys. let's dive into Dogs analysis! Head and Shoulders Formation: A classic head-and-shoulders pattern formed at the top of this recent rally, indicating a potential trend reversal. Broken Ascending Channel: The price recently broke out of a minor ascending channel, further reinforcing the likelihood of a bearish continuation. Support Zones: The price could retest the $0.000740 level before heading lower. The next strong support zone lies around $0.000700, marked by a previous consolidation area. Descending Channel: The broader price action shows a descending channel. After the breakdown from the head and shoulders, the price is expected to move towards the lower boundary of this channel.
Short
by melikatrader94
6
DOGS price is preparing for growth?The white candlesticks on SEED_ALEXDRAYM_SHORTINTEREST1:DOGS price chart depict the previous fractal movement of the #NOTUSDT price. For OKX:DOGSUSDT price to repeat this path, it needs to break through the trend line and gain a foothold above $0.00075 in the coming days. If this condition is met, then the purchase zone of $0.00075 - $0.00081 will be available for several days before the real pump begins. Follow the development of this idea so as not to miss the chance. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6