CandleFocus Tron-based SUNDOG Soars 8% but This Might Be a Bull Trap
2024-11-08
Author: Content Editor
Tron-based meme coin Sundog (SUNDOG) has experienced an 8% surge in the past 24 hours, breaking above a falling wedge pattern that it had been trading within since September. However, analysis suggests that this breakout may be a false one, potentially setting up a bull trap. The Super Trend Line and Balance of Power indicators both indicate bearish pressure and the possibility of a price reversal in the near future. If the breakout fails, the price may drop to $0.09, but if the uptrend continues, the price could rally to $0.20.
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