Dogecoin produced the classic head and shoulders pattern, a top formation.
It has been bearish lately, everything seems slow.
Trading volume continues to decline...
➖ First, the bias is revealed.
➖ ➖ Then we see a strong challenge of support.
After a period of suspense... Comes the drop!
Everything can easily change; nothing is certain.
👉 If DOGEUSDT moves above EMA50 (0.15400) the bearish bias weakens.
One can use any stop-loss based on risk tolerance preference.
Ok, the numbers...
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SHORT DOGEUSDT
Leverage: 4X
Buy-in: $0.16300 - $0.14200
Targets:
1) $0.13500
2) $0.12200
3) $0.11200
4) $0.10200
5) $0.09550
Stop-loss: Close daily above $0.17000
Potential profits: 137%
Capital allocation: 3%
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Thanks a lot for your support.
Namaste.