DOGEUSDT: A Classis Price Action
It seems that DOGE is preparing the path to break the prevailing resistance. This should happen after a retest of the support area.
However, note that the confluence area is between the 'prevailing support' (0.14587 to 0.14872) and the 'median 50%' at 0.14570, which is situated above the support area. This could indicate that the support is not strong enough to hold the current price. With this assumption, I would place a GRID Buy order starting at 'median 50%'. On one hand, price could rebound from the prevailing 50% and possibly start breaking the resistance.
/please DYOR/trade at your own risk
However, note that the confluence area is between the 'prevailing support' (0.14587 to 0.14872) and the 'median 50%' at 0.14570, which is situated above the support area. This could indicate that the support is not strong enough to hold the current price. With this assumption, I would place a GRID Buy order starting at 'median 50%'. On one hand, price could rebound from the prevailing 50% and possibly start breaking the resistance.
/please DYOR/trade at your own risk
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.