DOGSUSDT Opportunity to buy at Support

17 de set. de 2024

DOGSUSDT has experienced a sharp decline, dropping almost 50% from its all-time high (ATH), potentially presenting a discounted buying opportunity. However, recent price action shows it has broken and closed below the key psychological level of 0.001, signaling weakening bullish momentum. The price is now testing the 0.0009 support level, which is crucial as the overall market sentiment remains bearish during this correction phase. There's a likelihood that the price may dip below this level, continuing the downtrend.

The consolidation phase currently seen suggests market indecision, but it could precede further downside before any potential upward movement. A possible scenario is a false breakout below 0.0009, which could trap sellers expecting further declines. If the price quickly rebounds after dipping, it might create a buying opportunity. A reversal could target the resistance zone at 0.0011

3 de out. de 2024

Trade fechado: stop atingido

Price moved agaisnt the expectations of the analysis