$DOGS #Dogs
In-depth technical analysis of DOGS/USDT (1H timeframe)
1. Overview:
DOGS/USDT has just completed a short-term uptrend after finding a bottom at 0.0001674 USDT.
The MA(7), MA(25) have crossed MA(99) from below – a bullish sign.
Short-term resistance: 0.0001950 (24h high).
Important support: 0.0001758 (MA25) and 0.0001674 (previous low).
2. Trading volume:
Trading volume surged simultaneously with strong bullish candles, indicating strong participation from buyers.
3. Proposed trading strategy:
Spot:
Entry: 0.0001900 USDT
TP: 0.0002050 USDT (new resistance area)
SL: 0.0001750 USDT
RR ratio: ~1.15:1 (acceptable)
Long position (futures):
Entry: 0.0001920 USDT
TP1: 0.0002000 USDT
TP2: 0.0002100 USDT
SL: 0.0001800 USDT
Leverage: use leverage from 3x to 5x
Short position:
Short when the price does not break the area of 0.0001950 and a reversal candle appears (pinbar or engulfing candle)
Entry: 0.0001945 USDT
TP: 0.0001800 USDT
SL: 0.0001980 USDT
Note:
Need to monitor RSI, MACD, or volume when the price approaches 0.0001950 to decide whether to continue or reverse.