Technical Analysis of DOGE | Trends, Support & Resistance

DOGEUSDT
Time frame: 1h

According to the drawing considering 0.183-0.184 as a potential minor resistance level and 0.16-0.162 as a strong support level.

According to the support and resistance levels expected to see Sideways movement for the next few days.

If the price moves down then open Short at the 0.172 with TP at the 0.162

Then, if the previous positions succeeded, wait for a bounce from the 0.16-0.162 price level to 0.164 and open Long at the 0.164-0.165 with TP at the 0.178-0.179

In case of both succeeded deals, the reversal is possible and a Short position is more likely with TP at the 0.16-0.162 as well.

Please, share your thoughts or criticism about this idea in the comments section below. Your opinion matters and we all are glad to learn together 📚

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Disclaimer:

The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your own research before making any investment decisions

Order cancelled:

Despite the reaching a resistance level it hasn't reached the support level, so that price movement has invalidated the idea. Trading was cancelled.