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
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.