DOG 📢
So, since the last update, the price has slightly recovered, and our position is still in profit. The market has experienced the expected correction, and the selling pressure on both the spot and futures markets has decreased and is now less than the buying pressure.
In the spot order book, there are large sell limit orders appearing at the round levels, ranging from 0.15 to 0.2. ✅
I assume these are large orders from a significant player aiming to stimulate the market for further growth, and that a real correction might start just below this range. Therefore, we'll set the next take-profit level slightly below these orders but just above the local resistance, at 0.1491. 🎯
It's not guaranteed that the price will reach this exact level—large orders often mislead the market. However, we’ll monitor the price behavior at the local resistance. There is a chance that, given the overall bullish market sentiment, the price might break through this level and trigger our order. 📌
We'll keep the stop-loss in its current position for now. However, if within the next day or two, the price exceeds the previous take-profit level, we can move the stop-loss higher, either to breakeven or even to secure a guaranteed profit. 💸
So, since the last update, the price has slightly recovered, and our position is still in profit. The market has experienced the expected correction, and the selling pressure on both the spot and futures markets has decreased and is now less than the buying pressure.
In the spot order book, there are large sell limit orders appearing at the round levels, ranging from 0.15 to 0.2. ✅
I assume these are large orders from a significant player aiming to stimulate the market for further growth, and that a real correction might start just below this range. Therefore, we'll set the next take-profit level slightly below these orders but just above the local resistance, at 0.1491. 🎯
It's not guaranteed that the price will reach this exact level—large orders often mislead the market. However, we’ll monitor the price behavior at the local resistance. There is a chance that, given the overall bullish market sentiment, the price might break through this level and trigger our order. 📌
We'll keep the stop-loss in its current position for now. However, if within the next day or two, the price exceeds the previous take-profit level, we can move the stop-loss higher, either to breakeven or even to secure a guaranteed profit. 💸