DOGS/USDT Attempting Breakout After Downtrend

16 Kas 2024

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.
  

16 Kas 2024

Not

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