7.22 Dog Market Analysis
The price has been continuously rebounding from the low point of 0.15645, with MA7 and MA30 maintaining a bullish arrangement, showing strong upward momentum in the medium term. However, it is approaching the previous high point of 0.28767, where selling pressure is gradually appearing, and attention is needed to see if the bulls can break through and stabilize at the key resistance level.
The Bollinger Bands are opening upwards, with the price running above the middle band. MA7 and MA30 are rising in tandem, indicating short-term bullish dominance. However, being at a relatively high position, the upper band at 0.28648 is showing significant resistance, intensifying the long-short game, with support looking at the lower band at 0.23155 (if there is a pullback, this range is key for bull defense).
Recommendation: Enter at 0.265 - 0.27, with a target of 0.28 - 0.285, and a stop loss below 0.26.
Recommendation: Enter at 0.282 - 0.285, with a target of 0.27 - 0.268, and a stop loss above 0.287.
