💎 DOGE has undoubtedly garnered significant attention in the market. Confronted with a challenging resistance area, DOGE needs to breach this level to sustain its upward momentum. The well-executed bounce from the demand area suggests a potential breakout from the resistance in the near future.
💎 If DOGE successfully achieves this breakout, there's the probability of substantial upward movement, reaching our target area.
💎 However, if DOGE fails to break the resistance in the near future, a retracement to the demand area becomes likely. The confirmation of a negative scenario occurs if, during the retesting phase at the demand area, DOGE fails to maintain its position, leading to a breakdown. In such a case, DOGE would shift to a bearish movement, potentially retracing to the robust support area.
💎 If DOGE successfully achieves this breakout, there's the probability of substantial upward movement, reaching our target area.
💎 However, if DOGE fails to break the resistance in the near future, a retracement to the demand area becomes likely. The confirmation of a negative scenario occurs if, during the retesting phase at the demand area, DOGE fails to maintain its position, leading to a breakdown. In such a case, DOGE would shift to a bearish movement, potentially retracing to the robust support area.
Trade closed: target reached
Spot on again! #DOGE has climbed 26.32%!
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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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.