《$DOGS /USDT Technical Analysis: Downside Risk Remains》⚠️⚠️⚠️
$DOGS /USDT has also gone downhill with the downturn of the market in the past two days, showing a more complicated trend in the current market environment.
The current price is still $0.001206 USDT, which is in a relatively delicate position.
From the perspective of resistance, the current strong resistance level is adjusted to $0.001240. If the price is difficult to break through this position, it may face greater downward pressure. Multiple upward attacks have failed to successfully break through this resistance level, showing the market's hesitation and caution in this area.
The support level is currently $0.001140. This position is crucial to judging the further direction of the market. If the price falls below this support, it may trigger a series of chain reactions and accelerate the downward trend of prices.
For short trading, it is more appropriate to enter the market when the price falls below $0.001140. The target levels are $0.001125, $0.001100 and $0.001075. Setting $0.001240 as the stop loss level can effectively control the risk. In the current market situation, everyone needs to pay close attention to market dynamics, especially the performance of prices near key points.
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