Analysis of Currency $DOGS Time Frame 4 Hours/
1. General Trend:
Current Price: 0.0001452
Highest Price in 24 Hours: 0.0001464
Lowest Price in 24 Hours: 0.0001323
The price rebounded after a noticeable drop from the peak of 0.0001999.
2. Technical Indicators
Moving Averages:
MA(7): 0.0001398 (Short-term)
MA(25): 0.0001453 (Medium-term)
MA(99): 0.0001521 (Long-term)
The current price is close to MA(25) but below MA(99), indicating that the trend is still downward in the long term.
Relative Strength Index RSI:
65.28 → Approaching the overbought zone (70+), indicating the possibility of a downward correction soon.
MACD:
The lines have started to converge, and if a positive crossover occurs, we may witness a new upward wave.
3. Entry and Exit Plan /
✅ Entry Point:
If 0.0001464 is broken upwards with strong trading volume, a short-term buy position can be entered.
In case the price drops to the area of 0.0001360 - 0.0001380 with a strong rebound, a purchase can be made.
🎯 Targets:
1. 0.0001520 (Resistance at MA(99))
2. 0.0001640 (Previous Resistance)
3. 0.0001840 - 0.0001999 (Previous Peak)
Stop Loss♥:
If the price breaks 0.0001320 downwards, it is advisable to exit.
Summary♥♥/
The overall trend is still in the correction phase, and a confirmation signal should be awaited before entering.
Entry should be made with the breakout of the resistance 0.0001464 upwards or at the support 0.0001360 - 0.0001380.
Set the stop loss below 0.0001320 to protect against reversals.