Continuing the series of updates on analysis and trading strategies $DOGS based on the current situation at 16:36 on 20/11/2024

(We will try to analyze twice a day)

⭐ The main trend is still down!!!

The price may break the support level of 0.0006700 in the next 4-6 hours, aiming to drop to 0.0006600 - 0.0006500.

⭐ Analysis:

- MA7 (yellow) and MA25 (pink) are both sloping down, confirming that the downtrend is continuing.

- Support: 0.0006700 - 0.0006600 (If broken, the downtrend will be strongly reinforced.)

- Resistance: 0.0006800 - 0.0006850 (The price is being held back below this range. If it doesn't break through, it will continue to drop further)

⭐ Short-term strategy:

- If the price breaks below 0.0006700, enter a Short order with a target of 0.0006600 - 0.0006500.

- If the price bounces strongly from 0.0006700, enter a Long order with a target of 0.0006800 - 0.0006850.

- If the price remains sideways, do not enter an order, wait for clearer signals.

Please closely monitor signals around the support and resistance zones to adjust your strategy in a timely manner. (Or comment on this post so I can receive notifications when there are fluctuations and quick timely analyses)

Since DOGS is a memecoin, it is constantly fluctuating; the risk factor is still high, and just relying on chart analysis alone is not enough. Therefore, you still need to be flexible with your strategy!