CipherCharts

DOGEUSDT: Bears in Control

Short
BINANCE:DOGEUSDT   Dogecoin / TetherUS
DOGEUSDT printed a double top pattern followed by a series of Lower Highs and Lower Lows along with Shooting Star candles on the previous Lower Highs which suggests continuation of downward momentum. Using the Fib tool, an Entry Price, Stop Loss and Profit Levels are defined with 1:1 Risk Reward Ratio.
Comment:
Target 1 hit! Well on it's way to the second target.
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