DOGE ANALYZE FOR SELL 45MINHello dear traders
In Dogecoin currency, the price has reached the resistance range due to being in a downward trend after its price correction.
This resistance zone can decrease the price due to the presence of necessary liquidity.
The loss limit should be above the dotted line indicated on the chart, and for the entry point in the resistance zone, enter wherever it suits your style.
Thank you for your support
Dogesell
DOGE → Hinting at a Drop! Are we going back to $0.05?Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down?
How do we trade this? 🤔
Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the key data points that should bring us caution when the thought to long crosses our mind. What we're missing right now is a confirmation candle and a lower low to give us enough probability to enter a short scalp and maybe a partial swing.
A final sell signal at the Previous High of $0.10750 would be ideal, giving us enough range for a 1:3 Risk/Reward Ratio. Using my favorite approach, take half profits at $0.10 (1:1 Risk/Reward), move your stop loss up to your entry price, then swing the remainder to 1:3 Risk/Reward at $0.09.
💡 Trade Idea 💡
Short Entry: $0.10500
🟥 Stop Loss: $0.11000
✅ Take Profit #1: $0.10000
✅ Take Profit #2: $0.09000
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Potential Double Top Reversal.
3. Could convert to Trading Range between $0.0875 and $0.10750.
4. RSI at 62.00 and below Moving Average. Bias to Short.
5. Bitcoin is running hot to the upside, risk of trend change.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Trading Signal For DOGEUSDT DogecoinTrading Setup:
A Trading Signal is seen in the DOGEUSDT Dogecoin .
Traders can open their Sell Trades NOW
⬇️Sell now or sell on 0.06056
⭕️SL @ 0.06226
🔵TP1 @ 0.05607
🔵TP2 @ 0.05185
🔵TP3 @ 0.04490
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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ELON on SNL indicates Doge's top?I don't know about you guys, but this doesn't look like it is going to end well. If failure to hold this support, this could be the top of DOGE as of now. Momentum dropping, bearish divergence and rejection from top trend line. Another important observation to take note on is the fact that it is making the same pattern at same trend line it did before our last correction.