$DOGS ๐ ๐ BULLISH ๐ ๐
DOGS has seen a notable surge in trading volume, which is often a precursor to high-volatility breakouts. On the 4-hour chart, DOGS is forming a symmetrical triangle, typically a continuation pattern, suggesting a potential breakout in the direction of the prevailing trendโcurrently bullish. Price is trading just above the 50 EMA and is attempting to reclaim the 200 EMA, a key dynamic resistance.
Key Technical Levels:
Resistance 1: 0.0002050 USDT (triangle breakout zone)
Resistance 2: 0.0002300 USDT (psychological level + March top)
Support: 0.0001780 USDT (bottom of the triangle + EMA support)
RSI is hovering around 58โbullish, but not yet overboughtโindicating more room for upside. MACD has flipped positive, with growing divergence suggesting momentum is building.
Trading Strategy:
1. Breakout Play
Entry: Enter long if DOGS breaks and closes above 0.0002050 USDT with strong volume.
Target 1: 0.0002300 USDT (short-term scalp)
Target 2: 0.0002500 USDT (swing target if breakout holds)
Risk Management Tips:
Use a 2โ3% position risk based on your capital.
Adjust stop-loss to breakeven once the trade moves +8โ10% in profit.