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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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.