Should I trade $DOGS or not 🤔

1. Breakout:

DOGS/USDT broke a major downtrend channel (green line) and moved upwards, which we call a bullish breakout. This indicates that the price may start an uptrend.

2. Volume increased:

Volume also increased during the breakout on the chart, indicating a strong breakout.

3. EMA cross:

EMA(7) > EMA(25) > EMA(99) — this sequence supports the bullish trend.

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So, should I pump or dump now?

Pumping potential (upside):

If the price can hold above 0.0001414 and test the 0.0001618 and 0.0001839 levels, there is a possibility of further pumping.

Can be confirmed with indicators like RSI or MACD.

Dump probability (downward):

If it breaks below 0.0001177 or EMA(25), it could be a fakeout and the price could drop back down.

Be careful if the volume suddenly drops.

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Summary:

The mood is bullish at the moment, but it is difficult to say whether it is a sure pump. If you want to enter the trade, it would be better to:

Set a stop-loss (e.g. below 0.0001177)

Target: 0.0001618 → 0.0001839 → 0.0002061