đ DOGE Starting to Rise? Or Just a False Breakout? đĽ
DOGE/USDT is giving an interesting signal on the 4-hour time frame! After dipping to $0.305, it is now starting to rise and breaking MA(7) & MA(25). But, the question is: bullish continuation or Batman trap? đ§
đ Facts on the chart:
â Price rose +0.76% & buying volume started to increase.
â Higher low formed â indication of bullish reversal.
â Nearest resistance target at $0.343 - $0.348, if broken through, it could continue rallying!
â ď¸ However, market orders are still dominated by sellers (55%). There could be a correction before continuing to rise.
đŻ Strategy?
Break & Retest at $0.343 â could be an entry opportunity to buy.
Failed to break? Get ready for a pullback to $0.323 to buy on dip!
So, what do you think? Will DOGE go to the moon or will it go sideways first?
#DOGE #CryptoAnalysis $DOGE
DOGE/USDT is giving an interesting signal on the 4-hour time frame! After dipping to $0.305, it is now starting to rise and breaking MA(7) & MA(25). But, the question is: bullish continuation or Batman trap? đ§
đ Facts on the chart:
â Price rose +0.76% & buying volume started to increase.
â Higher low formed â indication of bullish reversal.
â Nearest resistance target at $0.343 - $0.348, if broken through, it could continue rallying!
â ď¸ However, market orders are still dominated by sellers (55%). There could be a correction before continuing to rise.
đŻ Strategy?
Break & Retest at $0.343 â could be an entry opportunity to buy.
Failed to break? Get ready for a pullback to $0.323 to buy on dip!
So, what do you think? Will DOGE go to the moon or will it go sideways first?
#DOGE #CryptoAnalysis $DOGE