Technical analysis by Leo-btm about Symbol DOGS: Sell recommendation (10/24/2024)
$DOGS ARE GOING TO THE VET! IT TIME FOR A RELIEF PUSH DOWN :O
DOGSUSDT.P 1. Wave AnalysisWe are currently in a *B-wave down* based on Elliott Wave theory. The price rejections from key support and resistance zones confirm this. Key Level: 0.0007176 was the major rejection point, signaling a move lower to form a "Lower High"2. Trend Overview- The downtrend started on **October 14, 2024**, resulting in a **-21% loss** from today's price.- This is a memecoin, and despite the "Month of Memecoins," it's underperforming. **Not surprising**, as original projects often lose value when new competition arises.3. Risk Factors - "Be cautious." Price moves could be **fast and abrupt** due to political news, FOMO, and market sentiment.- Altcoin correlation: When altcoins drop, they tend to fall together. Expect volatility across the board.---( -_•)Entry Price: 0.0006862❌🛑Stop Loss: 0.0007178🪙Take Profit: 0.0006001ALL TPS HIT BABY