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Tamadoge’s (TAMA/USD) Price Is Falling, Opening the Door for Dip Buys

Johnathon Fox
07/07/2023 | UPDATED ON: 07/07/2023

Tamadoge Price Prediction – July 6
Tamadoge’s price valuation is falling, opening the door for dip buys toward the visitation process of a lower-trading spot of around $0.01100.

The downward trend has been a slow-and-steady push devoid of decent shorting order entries. Buyers should take advantage of the present moves to secure positions and more positions at a reduction rate ahead of the projected bounce-offs as the crypto has headed down to one of its maximally lower values that is ideally vulnerable to a recouping trade situation.

TAMA/USD Market
Key Levels
Resistance levels: $0.01300, $0.01400, $0.01500
Support levels: $0.01100, $0.01000, $0.00900

TAMA/USD – 4-hour Chart

The TAMA/USD 4-hour chart showcases that the crypto-economic price is falling, opening the door for dip buys from the underneath trend line of the smaller Moving Average.

The 14-day SMA indicator is slowly trending southward at a $0.012309 value point below the $0.013063 of the 50-day SMA indicator. The Stochastic Oscillators have moved northbound from the 20 to positions between 48.43 and 53.48. However, buyers might need to be patient toward executing an order at the moment as there has been a smaller candlestick that indicates a decrease is going on.
TAMA/USD, Tamadoge, TAMA, Technical Analysis

Would a sudden northward push against the 14-day SMA signify a resumption of the bullish trend at some point?

A bullish candlestick that can emerge against the trend line of the 14-day SMA will most likely change the downtrend into a bullish running style, as the TAMA/USD market is falling slightly at the moment, opening the door for dip buys.

The benefit of having volumes of lesser points later on convert to profitable higher values is greater the deeper the price. As a result of that technical trade approach, long-position placers are expected to continue to add more positions to their portfolios. In the same vein, long-position placers would have to hold on to their orders provided they eschew overleveraging so that their capital might not bear the brunt of trying to extend their dipping course beyond the stipulated underlying support points.
TAMA/USD, Tamadoge, TAMA, Technical Analysis

TAMA/USD 1-hour chart

The 1-hour chart reveals the crypto business is falling, opening the door for dip buys, which is ideally psychological for taking positions in emerging trading instruments.

The 50-day SMA indicator is at $0.012299, over the $0.011764 point of the 14-day SMA indicator. The Stochastic Oscillators have slightly opened their lines to the south side from between the points of 40 and 20 to secure 23.01 to 1.51. A sharp decline toward the support line of $0.01100 might not stand the test of moving in the direction of higher reduction levels.

Which level of Tamadoge Arena are you most eager to play? Comment below and let us know!

🚨Poll Time 🚨

Which Tamadoge Arena level are you most excited to play? Let us know in the comments!

🌲 = Forest
🌜 = Moon
🍭 = Candyland pic.twitter.com/XOrr4x1y3b

— TAMADOGE (@Tamadogecoin) July 6, 2023


Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today


Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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