Dogecoin (DOGE) has now closed below a key level after collecting liquidity! If the buyer doesn`t show strength and the price doesn`t close above $0.1245 again, we may test the trend line again.
The big players has been collecting liquidity and bear stop-losses more than 2 times, but the price has not dropped significantly after that.
This may show the battle of the whales among themselves. Some want to accumulate liquidity for short positions, while others want to take long positions when the trend line is touched.
Globally, the cryptocurrency market is in an uptrend now, so we expect an uptrend move for Dogecoin!
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
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.