Hi friends! As you see i marked 2 scenarious for DOGE and these 2 is possible.
✅According to the short scenario, you need to look to the false breakout if the faalling wedge will be broken up. In this case the long traders become a fuel to dump.
📊 The long scenario will be possible if:
🔥 falling wedge will be broken down and a short traders open their positions. So in this case the big player will buy their liquidity and push the price higher. The short traders become the fuel🔥 for the pump
🔥 huge buy orders (order wall) on DOM and Footprint which confirms the pressence of big player. I prefer to open the trade in the same direction with the whales
🔥 volume growth. This techical indicator can also help us to identify the place where a lot of traders sell and buy crypto. Another confirmation of a big player
🔥bullish BTC
🚩 Between these 2 scenarios I prefer a long, but the trap of short traders have to happen.
📊 The targets:
1. $0.065-0.071 - value area and strong resistance (potential reversal point to short)
2. $0.09 - key level
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.