Dear My friends,
We recommend monitoring Dogecoin's behavior closely as it enters the 4 o'clock timeframe, despite its current price being below the cloud. While the first support of the 4-hour timeframe has been breached, there are indications that this may be a false breakout. Specifically, we anticipate a robust rebound supported by a stronger level of support located just below at the price area of 0.799. This prediction is bolstered by two factors: the RSI is oversold and the triangle is reaching its apex, suggesting an imminent breakout. As such, we advise waiting for Dogecoin to surpass its prior target, buoyed by the meme coin's potential to drive market recovery.
Thank you for your attention!
We recommend monitoring Dogecoin's behavior closely as it enters the 4 o'clock timeframe, despite its current price being below the cloud. While the first support of the 4-hour timeframe has been breached, there are indications that this may be a false breakout. Specifically, we anticipate a robust rebound supported by a stronger level of support located just below at the price area of 0.799. This prediction is bolstered by two factors: the RSI is oversold and the triangle is reaching its apex, suggesting an imminent breakout. As such, we advise waiting for Dogecoin to surpass its prior target, buoyed by the meme coin's potential to drive market recovery.
Thank you for your attention!