DOGE - Use Caution Now

3 apr 2023

After Doge's immaculate 30% rally today we may be seeing the first signs of a top form. The first sign is we got rejected from our $0.098-0.11 range of resistance. The second sign is we double topped at the exact same level on our 4H RSI (we are also right at overbought on the daily). The third is the inverted hammer we are about to print on the 4H chart. This gives us a great RR ratio. The target for this short from $0.097 would be to look for $0.081-0.084 level to turn into new support (0.618).