DOGE: Bulls Charging! Breakout Potential Looms
💎DOGE has broken out of a resistive trendline and formed a W pattern on the support zone, while its price also shows a Change of Character (CHoCH) towards a bullish structure. This suggests a potential bullish move after a pullback or the breakout of the previous high (1st resistance level).
💎If DOGEUSDT breaks above the first resistance area, it will be considered a Break of Structure (BOS), confirming the bullish structure, and we can anticipate further movement towards the bullish side.
💎In the event of a pullback, we can anticipate a bounce from the support level, which also coincides with a bullish Order Block (OB).
💎However, if the price breaks below the support level, it would be advisable to refrain from trading DOGE and wait for the market structure to provide clearer signals.
💎If DOGEUSDT breaks above the first resistance area, it will be considered a Break of Structure (BOS), confirming the bullish structure, and we can anticipate further movement towards the bullish side.
💎In the event of a pullback, we can anticipate a bounce from the support level, which also coincides with a bullish Order Block (OB).
💎However, if the price breaks below the support level, it would be advisable to refrain from trading DOGE and wait for the market structure to provide clearer signals.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.