The price has been moving sideways for several months, forming a classic low-volatility summer channel.
🔹 Primary trend: still bearish — price remains inside a descending channel
🔹 Volume: mostly low, but occasional spikes near support may signal hidden accumulation
🔹 Formation: a triangle is forming near the top of the channel — false breakouts or wicks are likely
🔹 Sentiment: this is a classic capitulation zone — where most traders give up, exit positions, and lose conviction
📉 When everyone thinks it's dead — that's often where major bottoms are built. This is the time to stick to your risk strategy and position sizing, not emotions.
🐕 DOGS — key reasons to watch:
• Twitter community: 3.4M followers — huge potential for renewed interest
• If memecoins return to trend — moves could be fast and aggressive
📌 Watch closely for a breakout from the triangle — it could define direction for weeks ahead
🔹 Primary trend: still bearish — price remains inside a descending channel
🔹 Volume: mostly low, but occasional spikes near support may signal hidden accumulation
🔹 Formation: a triangle is forming near the top of the channel — false breakouts or wicks are likely
🔹 Sentiment: this is a classic capitulation zone — where most traders give up, exit positions, and lose conviction
📉 When everyone thinks it's dead — that's often where major bottoms are built. This is the time to stick to your risk strategy and position sizing, not emotions.
🐕 DOGS — key reasons to watch:
• Twitter community: 3.4M followers — huge potential for renewed interest
• If memecoins return to trend — moves could be fast and aggressive
📌 Watch closely for a breakout from the triangle — it could define direction for weeks ahead
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.