$DOGS Today, I don't want to just say "the dog coins are pumping again".
I just caught a glimpse of Binance's right-side "most searched (6 hours)" and DOGS is marked as "hot rising". The fear and greed index on the same screen is only 22, indicating that the overall market sentiment is pretty timid; it's interesting that this small cap can still push higher.
The market isn't just hot air. Binance spot DOGSUSDT is currently around 0.0000412, up 5.37% in the last 24H, with a trading volume of about 657,000 USDT; perpetual contracts saw a 24H volume of around 3,189,000 USDT, with a funding rate of +0.0050%, so it's not yet overcrowded.
My main view here is bullish, but I don’t want to treat this hot search as a buying point.
Around 0.00004033 is the 1H MA20, which is the watershed for whether this rally can continue to attract buyers. If we stay above it, I’m ready to target the previous highs of 0.0000415-0.00004175; if we dip back below 0.000040 and the volume shrinks, that’ll be the hot search cashing out, and I won’t hold the line.
At this kind of position, the worst thing is to chase after a spike. DOGS can show some elasticity, but it's best to wait for a pullback and confirmation before entering; don’t get pulled in just by those four words "hot rising".
$DOGS #DOGS #MemeCoin #AltcoinRotation #TradingPlan #BinanceSquare
I just caught a glimpse of Binance's right-side "most searched (6 hours)" and DOGS is marked as "hot rising". The fear and greed index on the same screen is only 22, indicating that the overall market sentiment is pretty timid; it's interesting that this small cap can still push higher.
The market isn't just hot air. Binance spot DOGSUSDT is currently around 0.0000412, up 5.37% in the last 24H, with a trading volume of about 657,000 USDT; perpetual contracts saw a 24H volume of around 3,189,000 USDT, with a funding rate of +0.0050%, so it's not yet overcrowded.
My main view here is bullish, but I don’t want to treat this hot search as a buying point.
Around 0.00004033 is the 1H MA20, which is the watershed for whether this rally can continue to attract buyers. If we stay above it, I’m ready to target the previous highs of 0.0000415-0.00004175; if we dip back below 0.000040 and the volume shrinks, that’ll be the hot search cashing out, and I won’t hold the line.
At this kind of position, the worst thing is to chase after a spike. DOGS can show some elasticity, but it's best to wait for a pullback and confirmation before entering; don’t get pulled in just by those four words "hot rising".
$DOGS #DOGS #MemeCoin #AltcoinRotation #TradingPlan #BinanceSquare