Dogecoin (DOGE): Possible Zone of Rejection!
We are back with Dogecoin, where the price is struggling to break from the resistance zone while it has been recovering from a recent fall.
We are looking for this zone to hold and a nice downhill movement to start from here (to test lows in a 4-hour timeframe).
So far, weakness has been steady and nice so we are monitoring!
Swallow Team
We are looking for this zone to hold and a nice downhill movement to start from here (to test lows in a 4-hour timeframe).
So far, weakness has been steady and nice so we are monitoring!
Swallow Team
Note
Dogecoin went for a breakout but failed to break it so far that the price got rejected immediately.
We keep an eye on how this 4-hour candle will close and if we see a rejection, then there is a chance it will start a downward movement so keep an eye on that zone!
Note
Dogecoin formed a nice small fakeout near our resistance zone, and now we are looking for a price to go back below this zone.
As soon as we see that, we will get a final confirmation of fakeout formation here and a possible movement back to the lows of Dogecoin!
Note
Dogecoin has a long way but eventually we had a nice movement from our resistance zone, which happened after a rejection from 200EMA. Price moved 15% from our resistance.
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.