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DOGS / TetherUS

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DOGSUSDT trade ideas

#DOGS 1D. Symmetrical Triangle – Key Levels Inside! 11/28/24Over the past week, I noticed that trading volumes for this token on Binance have risen to levels comparable to many popular tokens, both on futures and spot markets. Currently, the price has formed a symmetrical triangle pattern on increasing volume, bouncing off the support level. This could indicate potential for further growth. I plan to take profit on both spot and futures positions in the $0.010 - $0.012 range, as I don’t see value in holding beyond that. Setup is shown on the chart. DYOR.
Long
by trendbooster
Trade Analysis: Long #DOGSUSDT Overview BINANCE:DOGSUSDT.P is currently showing promising signs of upward movement, supported by increasing buyer volumes and favorable order flow. With its low correlation to Bitcoin, it stands as an active instrument in the current market. Setup Details Entry Point: $0.0007765 Stop Loss: $0.0007172 Take Profits: TP1: $0.0008245 TP2: $0.0008795 TP3: $0.0009573 Technical Background A cascade of liquidity levels above the current price will serve as fuel for a bullish breakout. A false breakout from the channel reflects seller weakness, confirming a bullish bias. Execution Strategy Anticipate a price squeeze toward the level, followed by local consolidation on lower timeframes (e.g., 5-minute). Enter on breakout confirmation and place a stop-loss behind the range to minimize risk. Key Takeaways This trade is set up for a short-term breakout, with risk parameters clearly defined. Always ensure proper risk management before entering any position.
Long
by Max_Pr0fit
2
DOGS more gain Hello and greetings to all the crypto enthusiasts, ✌ In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogs, 📚💣 DOGS is a new type of token, similar to other recent projects like Homestar and Notcoin, which are part of the new generation of cryptocurrencies. These tokens are being launched and promoted in innovative ways, with heavy reliance on social media platforms from the very start. 📚💡 While other tokens often use social media for building communities and advertising, DOGS and similar tokens are essentially built around these platforms, making them more integrated with digital communities. Given their strong social media presence and unique approach, I’m personally optimistic about their future, especially for beginners exploring this new world of tokens. This trend represents a shift in how tokens are developed and marketed, offering fresh opportunities for newcomers in the space. 📚🙌 Based on the chart, we are witnessing a significant increase in trading volume, which suggests growing interest and activity around the token. Additionally, the price has broken through key resistance levels to the upside, indicating a potential upward trend. This breakout is a positive sign, as it often precedes further price gains. 📚✨ Given the combination of rising volume and the technical breakout, we can expect to see more upward movement and potentially greater profits in the near future. This technical analysis supports the optimistic outlook for the token's growth. 📚✌ 🧨 Our team's main opinion is DOGS is a new token, similar to Homestar and Notcoin, gaining popularity through innovative social media-driven promotion. With rising trading volume and a breakout above resistance levels, the token shows strong potential for future growth and increased profits. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
4
Technical Analysis of DOGS/USDT ChartKey Observations: Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements. Support and Resistance Zones: Immediate support is observed in the pink highlighted zone around 0.0006600. Resistance is evident at 0.0008315, aligning with the cup’s rim. Price Action and Potential Breakout: Price currently consolidates after testing the rim of the cup. A pullback into the pink handle zone may precede a breakout. A successful breakout above 0.0008315 could lead to new highs in the short term. Trendlines and Trajectory: The ascending curve shows a gradual strengthening of bullish momentum. Two upward projections suggest possible paths for the breakout, contingent on volume and market sentiment.
Long
by melikatrader94
1
DOGS/USDT Technical Analysis: Anticipating a Bullish ReversalThis chart demonstrates a potential bullish scenario for DOGS/USDT on the 1-hour timeframe, as price action consolidates within a critical demand zone, showing signs of a reversal. Here’s the breakdown: Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple area. Demand Zone: The region around $0.00005700 - $0.00005950 has acted as a key support zone multiple times, confirming its strength. Engulfing Pattern: The "engulfed" area highlights the previous aggressive move upward, showing strong buyer interest in this region. Break of Trendline: A descending trendline was breached during the last bullish move, further confirming a shift in momentum. Bullish Scenario: A successful bounce from the QML3 area could lead the price to test higher resistance levels around $0.00007000 and beyond.
Long
by melikatrader94
11