DOGS / TetherUS
Panjang

DOGS/USDT Attempting Breakout After Downtrend

1 660
hello guys...

Broken Channel: The price broke out of the descending channel, suggesting the potential start of a reversal.

Key Levels:
  • Support: $0.0005900 zone (highlighted in purple as QML or Quasimodo level) is holding as a critical demand area.
  • Resistance: $0.0007940 is the next target if the momentum continues upward.
  • Engulfing Pattern: A bullish engulfing candle near support indicates buying interest, strengthening the reversal case.
  • Projection: After a possible retest of the QML zone, a rally toward the $0.0007940 resistance level is expected. Continuation beyond this level could push the price toward $0.0010000.
  • Risk: Failing to hold the QML zone could signal a return to the previous downtrend.


Nota
in short time frame we can see another QML is formed!

syot kilat

Penafian

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