$DOGS โ๐ DOGS Update: Is a Recovery in the Works?
โThe 4H chart shows a pretty clean recovery structure after the recent test of the lows. Here are the key points weโre keeping an eye on:
โBollinger Bands: The price bounced back strongly after hitting the lower band (DN: 0.00005813), now surpassing the central moving average. If we can close with a body above the 0.00007164 zone, the path to the upper band will be open.
โRSI (6): Currently at 50.92. Weโre in neutral territory, which means the asset has enough "air" to rise without being overbought yet.
โPrice Action: After a series of aggressive red candlesticks, the latest green candles confirm buying pressure around the 0.00006101 level.
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โWeโre at a decision point. A long entry aiming for the next resistance level could be interesting, always managing risk near the previous support.
โWhat do you think? Is it time for DOGS to reclaim lost ground or is it just a "dead cat bounce"?
โ๐ Trade DOGS now in futures and let me know your entry in the comments.
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