Dogecoin is serving up some spicy setup!
We’re seeing a Double Top pattern forming, with DOGEUSD currently at $0.22 — right at the bottom line of this bearish formation. The two peaks hit resistance around $0.25, signaling potential downside.
However, if DOGEUSDT drops to the key support at $0.20, this pattern could evolve into an Expanding Triangle (Megaphone), which might set the stage for a bullish reversal!
I’m eyeing a long entry at $0.20.
If DOGE holds this level and breaks above the Double Top resistance at $0.25, we could see a surge toward $0.27 and beyond!
On the flip side, a break below $0.20 could lead to further downside, possibly testing $0.18.
Key Levels to Watch:
Will DOGE bounce from $0.20 and rally, or are we in for a deeper dip? Let’s hear your thoughts below!
We’re seeing a Double Top pattern forming, with DOGEUSD currently at $0.22 — right at the bottom line of this bearish formation. The two peaks hit resistance around $0.25, signaling potential downside.
However, if DOGEUSDT drops to the key support at $0.20, this pattern could evolve into an Expanding Triangle (Megaphone), which might set the stage for a bullish reversal!
I’m eyeing a long entry at $0.20.
If DOGE holds this level and breaks above the Double Top resistance at $0.25, we could see a surge toward $0.27 and beyond!
On the flip side, a break below $0.20 could lead to further downside, possibly testing $0.18.
Key Levels to Watch:
Resistance: $0.25 (Double Top resistance), $0.27
Support: $0.20
Breakout Target: $0.27+
Breakdown Risk: $0.18
Will DOGE bounce from $0.20 and rally, or are we in for a deeper dip? Let’s hear your thoughts below!
Trade active
Beautiful!Trade closed: target reached
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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.