DOGE → Another manipulation or growth? What to expect next?

26 Sep 2024

DOGEUSDT in the distribution phase is aiming for a strong resistance at 0.11546. The global and local trend is bearish and there are no hints of breaking it yet. A contrend rally is forming....



On H4, the sideways range plays a relevant role. The last time we tested 0.11546 at the moment of its formation - exactly 1 month ago. There is no potential for breaking the level and further growth on the background of such a strong movement. The most probable scenario in this case is a rebound or a false breakdown, which may lead to a correction.
BUT! The structure may be broken if there is no pullback or the coin will start to form consolidation near 0.11546 with further signs of resistance retest and readiness to go higher....

Resistance levels: 0.11546
Support levels: 0.11099, 0.107, 0.103

DOGE does not enjoy any strong interest from traders due to the high level of manipulation by big players. At the moment, on the background of the global bearish trend it is worth looking for strong resistance levels with the purpose of catching bounces

Rate, share your opinion and questions, let's discuss what's going on with ★ DOGEUSDT ;)

Regards R. Linda!

27 Sep 2024

Dagangan aktif

The price has entered the liquidity zone.
There has not been any false breakout or sell signal formed yet.
If the price fixes above 0.12, the doge may go higher and in this case the idea will be canceled due to not activated scenario.