#Dogs
Buying point:
Initial buying range: When the price is close to 0.0009000 - 0.0010000 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 0.0009174 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.0011000 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. After breaking this resistance level, the market is likely to push higher.
Take profit point:
First take-profit target: When the price rebounds to 0.0012000 - 0.0013000 USDT, which is the pressure level of the upper Bollinger Band and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price exceeds 0.0014000 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may rise further after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.0009000 USDT and the trading volume increases, the loss should be stopped immediately because there is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) show that the market has rebound momentum in the short term. The EMA(99) indicates that the long-term market trend remains weak, but if major resistance is exceeded in the short term, further upside is possible.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, showing strong upward momentum in the short term, and the market has certain volatility and increased risks. Possible market fluctuations need to be handled with caution.
