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#DOGSUSD Short Future Signal $DOGS 🐶🐶
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Signal: Short DOT/USDT🔻🔻 Entry: $5.11–$5.13 Take Profit (TP): TP1: $5.00 TP2: $4.90 Stop Loss (SL): $5.22 🔴Reasoning 🟠Sharp Rejection at the Top: ⚪Price spiked to around $5.36 (24h high) and quickly got rejected with long upper wicks, showing strong selling pressure. ⚫The price dropped rapidly after the spike, now consolidating around $5.117. 🟤Potential Double Top / Blow-off Top: The shape of the peak suggests a possible blow-off top — a sign of short-term exhaustion after a strong run-up. 🟣If confirmed, this pattern could signal a retracement. 🔵Volume Spike & Drop: Volume increased significantly during the rally but seems to have declined on the drop, hinting at indecision or start of a correction. 🟢Support Levels: Immediate support is near $5.00. If that breaks, the next support would be around $4.85–$4.90. 🟡Overbought Recovery Zone: Given the recent strong upward momentum, this could also be a healthy pullback. But unless we see bullish reversal candles, it’s too early to go long.
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🐶Dogecoin's Price Action: May 10, 2025 Current Price: Around $0.20, with a 9% jump today and a 27% surge this week, marking its highest in two months. Market Mood: The crypto crowd is feeling bold again. Bitcoin's climb past $100K has reignited the altcoin rally, and DOGE is riding that wave. --- 📈 What's Fueling the Hype? Altcoin Revival: After a sluggish March and April, altcoins are bouncing back. DOGE's recent gains suggest it's shaking off the doldrums. Technical Signals: Analysts note DOGE has formed a bullish "cup-with-handle" pattern, hinting at potential further gains. --- 🟣 Looking Ahead: May 2025 Predictions Bullish Outlook: Some forecasts see DOGE reaching $0.40 this month, driven by positive market sentiment and potential ETF approvals. Cautious Views: Others warn of possible dips to around $0.14, citing technical resistance and market volatility.
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