hello guys!
it is my perspective about #doge:
but let's dive into a lower time frame:
Triangle Pattern: Dogecoin is forming a descending triangle pattern, which typically signals a bearish continuation if support is broken.
Resistance Level: The price is facing resistance near $0.41, as indicated by the upper boundary of the triangle.
Support Zone: The lower boundary of the triangle around $0.36 serves as the immediate support. A break below this level could indicate a further drop.
Target Zone: If Dogecoin breaks below the support, it could move towards the $0.31 - $0.32 area, which serves as a significant support zone.
Risk Management: Watch for a possible reversal if the price fails to break below support, as this could invalidate the bearish setup.
it is my perspective about #doge:
but let's dive into a lower time frame:
Triangle Pattern: Dogecoin is forming a descending triangle pattern, which typically signals a bearish continuation if support is broken.
Resistance Level: The price is facing resistance near $0.41, as indicated by the upper boundary of the triangle.
Support Zone: The lower boundary of the triangle around $0.36 serves as the immediate support. A break below this level could indicate a further drop.
Target Zone: If Dogecoin breaks below the support, it could move towards the $0.31 - $0.32 area, which serves as a significant support zone.
Risk Management: Watch for a possible reversal if the price fails to break below support, as this could invalidate the bearish setup.
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.