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.
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Pubblicazioni correlate
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.