$DOGS 📈The price is currently consolidating and attempting to break above the EMA(7) (Yellow line). If it holds the current level, it is likely to retrace upward to test the higher Moving Averages.
Entry Zone: 0.0000400 – 0.0000406 (Current Market Price)
Take Profit Targets:
TP 1: 0.0000415 (Short term resistance / Breaking EMA 7)
TP 2: 0.0000432 (Approaching EMA 25 - Pink Line)
TP 3: 0.0000448 (Testing EMA 99 - Purple Line)
TP 4: 0.0000475 (Previous consolidation zone)
Stop Loss:
SL: 0.0000380
(This SL is set just below the recent consolidation support. If it drops below this, it may retest the crash wick at 0.0000356).
Risk Management Tips:
Since this is a meme coin with high volatility, keep leverage low (3x - 5x max). Once TP 1 is hit, move your Stop Loss to your Entry Price (Breakeven) to ensure a risk-free trade. The overall trend is currently bearish (price is below the EMA lines), so this is a "reversal" trade. Be ready to exit if the price gets rejected at the EMA lines.
