For the 1-day timeframe (TF), we can apply a longer-term method to find the best **support level**. Daily timeframes often provide a bigger picture of price trends and stronger support-resistance areas. Here are the steps we can take to determine the support level in the 1-day timeframe:
### 1. **Identify the Nearest Support from Current Price (Daily Timeframe)**
Based on the visible data and assuming that DOGS is at a price of around **0.0010327 USDT** on the 1-day TF, here are some supports that can be identified:
- **0.0009676 USDT** (Significant low in the short term, also visible on smaller timeframes like 1 hour).
- **0.0008 USDT** (Historical strong support where price may bounce if there is further decline).
### 2. **Fibonacci Retracement (TF 1 Day)**
Assuming that the previous highest peak was at **0.0018 USDT**, we can calculate the Fibonacci retracement levels to detect the support area on the 1-day TF:
- **38.2% retracement**: 0.00139 USDT (Closer support level on the daily timeframe, if price moves up).
- **50% retracement**: 0.0013 USDT (This is an important level, indicating the midpoint of the retracement).
- **61.8% retracement**: 0.0012 USDT (This is a classic retracement level that often acts as strong support in a downtrend).
The 61.8% Fibonacci level is often an excellent entry area, as this is a zone that large traders often use to find reversal points.
### 3. **Moving Averages (MA) di TF 1 Hari**
- **MA 50** and **MA 200**: These are two important Moving Averages that are often used as dynamic support levels on the daily timeframe.
- If you plot the 50 MA and 200 MA on the 1 day TF, usually the price tends to bounce off those levels when the price approaches them. I recommend identifying the 50 and 200 MA on your daily chart, as they often provide a good guide to support levels.
### 4. **Support Based on Historical Price**
If we look further into the price history, we can identify some significant support levels on the 1-day TF, such as:
- **0.0008 USDT**: This is an important historical level, and if the price reaches this point, strong support can usually be expected.
- **0.00067 USDT**: This is the lower level where DOGS price may move if the decline continues.
### 5. **Support Based on Candlestick Patterns**
- On the daily timeframe, look for candlestick patterns that indicate a reversal such as a **hammer** or **bullish engulfing** pattern at the identified support area.
- If these patterns appear in areas like **0.0012 USDT** or **0.0009676 USDT**, this could be a strong signal to enter.
### Conclusion for Support Level on TF 1 Day:
- **Closest and Strongest Support**: **0.0012 USDT** (Fibonacci 61.8%). This is an important level and often serves as a bounce zone in the larger market.
- **Additional Support**: **0.0009676 USDT**. If the price continues to fall, this is a lower support worth watching.
- **Historical Key Support**: **0.0008 USDT**. If the price falls further, this level could act as significant support.
Entering a position at this support level on the 1 day timeframe can help you take advantage of longer-term price movements.