$DOGS
Market Structure
$DOGS$ is trading in a short-term bearish continuation after a failed push above the $0.0000420$ area. The impulsive rejection was followed by a sharp sell-off, breaking local structure and shifting the market into lower highs and lower lows. Current price action is consolidating below broken support, showing distribution rather than recovery.
Liquidity & Zones
Buy-side liquidity above $0.0000416$ to $0.0000429$ was tapped and aggressively sold into, confirming strong supply overhead. Sell-side liquidity below $0.0000395$ has been partially swept, but deeper liquidity remains resting toward the $0.0000385$ and $0.0000375$ zones.
Support & Resistance
Immediate resistance is defined between $0.0000408$ and $0.0000416$, a clear structure flip from prior support. As long as price stays below this zone, bearish bias remains intact. Key support sits near $0.0000395$, followed by lower support around $0.0000385$.
Trade Plan
EP (Entry Price): $0.0000408$ to $0.0000416$
TP1 (Take Profit): $0.0000395$
TP2 (Take Profit): $0.0000385$
TP3 (Take Profit): $0.0000375$
SL (Stop Loss): $0.0000423$
Current trend strength is bearish, defined by a clear rejection and lower high formation.
Momentum favors sellers, with bounce attempts remaining weak and corrective.
Price is likely to continue lower if $0.0000408$ holds as resistance and remaining sell-side liquidity below is targeted.
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