DOGEUSDT Bearish Trend can Continue
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Chart is simple. The uptrend trend line is broken. So now we are in a Side trend. Price broke the first support and it's near the second. Base on a little rise in volume we can say price can bounce from this support but because volume didn't rise much, down trend can continue. So there going to be a pullback to the broken support.
Notice that if BTC get rejected again from it's nearest resistance 56-55K, there is a possibility that Doge break it's support without any pullback.
Notice that if BTC get rejected again from it's nearest resistance 56-55K, there is a possibility that Doge break it's support without any pullback.
Trade chiuso: obiettivo raggiunto
As you can see target is reached. But support doesn't look strong.Nota
Some bounces from 1st strong support and upper resistance is possible but still no convincing volume. So there is a possibility for reaching the 2nd support. Last hope line is the last zone that price can return.
Going long on the 1st support is risky. I suggest you to think about going short on upper resistance.
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