Dogecoin Descending Triangle Breakdown Potentialhello guys!
it is my perspective about #doge:
but let's dive into a lower time frame:
Triangle Pattern: Dogecoin is forming a descending triangle pattern, which typically signals a bearish continuation if support is broken.
Resistance Level: The price is facing resistance near $0.41, as indicated by the upper boundary of the triangle.
Support Zone: The lower boundary of the triangle around $0.36 serves as the immediate support. A break below this level could indicate a further drop.
Target Zone: If Dogecoin breaks below the support, it could move towards the $0.31 - $0.32 area, which serves as a significant support zone.
Risk Management: Watch for a possible reversal if the price fails to break below support, as this could invalidate the bearish setup.
Dogeusdtp
#DOGEUSDT: 03/04/2024Dear Traders,
Welcome back hope you all had great holidays.
BINANCE:DOGEUSDT possible downtrend to continue; we have seen crypto rally in recent time, and we may see some correction in the market. Smart entry would be when price fill the liquidity void area, that is where we can take sell entry. Remember, cryptocurrencies remain too volatile compare to forex. So if you are new then please use proper risk management and have a enough knowledge before you take any positions.
DOGEUSDT located between 2 levelsDOGEUSDT located between 2 levels
The formation of an ascending or descending conal is very difficult. you need to wait for the breakdown of the level to determine the direction of the price movement
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DOGE LONG WHEN Breaking OutSignal: Blue -> Green, when Breaking Out
Trend: Green, Bull
Trade close manually when: the above ribbons turns Yellow or better Red.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.