๐จ Double signal on $DOGS
๐ A drop of 4.1% ๐ A surge in trading volume by 6.8 times
So far, the selling pressure is still dominating the movement, and I see that the downtrend may continue unless the price can reclaim the 0.0000455 level and hold above it clearly.
๐ป Failure to bounce near the 0.0000455 โ 0.0000467 zone could give sellers a new opportunity to push the price down to 0.0000438, and with the ongoing negative momentum, we may see the drop extend to lower levels.
โ ๏ธ However, if thereโs a quick break below the last low followed by a strong return above 0.0000455 with clear bullish reversal candlesticks, it could signal the end of the panic wave and the start of a strong bounce towards higher liquidity zones.
๐ฏ Levels worth monitoring: โข 0.0000455 key short-term trend change โข 0.0000438 important support โข 0.0000410 then 0.0000398 potential targets if selling continues
๐ This is educational analysis only and not investment advice. Risk management and waiting for technical confirmations remain the most important factors in trading.#Dogs
๐ A drop of 4.1% ๐ A surge in trading volume by 6.8 times
So far, the selling pressure is still dominating the movement, and I see that the downtrend may continue unless the price can reclaim the 0.0000455 level and hold above it clearly.
๐ป Failure to bounce near the 0.0000455 โ 0.0000467 zone could give sellers a new opportunity to push the price down to 0.0000438, and with the ongoing negative momentum, we may see the drop extend to lower levels.
โ ๏ธ However, if thereโs a quick break below the last low followed by a strong return above 0.0000455 with clear bullish reversal candlesticks, it could signal the end of the panic wave and the start of a strong bounce towards higher liquidity zones.
๐ฏ Levels worth monitoring: โข 0.0000455 key short-term trend change โข 0.0000438 important support โข 0.0000410 then 0.0000398 potential targets if selling continues
๐ This is educational analysis only and not investment advice. Risk management and waiting for technical confirmations remain the most important factors in trading.#Dogs