$DOGE is bearish; the technicals point the way.
Open interest and funding rates are both surging. What signal is DOGE sending?
Technically:
Weekly chart: bearish alignment
Daily chart: weak
4H: looking cold
The overall setup is bearish. If support at 0.064163 breaks, the move could accelerate. I'll wait and see.
If it rebounds to 0.06957, consider reducing your position. Place your stop-loss above 0.071657.
Would you dare to take a position here? Let me know in the comments.
$DOGE
Open interest and funding rates are both surging. What signal is DOGE sending?
Technically:
Weekly chart: bearish alignment
Daily chart: weak
4H: looking cold
The overall setup is bearish. If support at 0.064163 breaks, the move could accelerate. I'll wait and see.
If it rebounds to 0.06957, consider reducing your position. Place your stop-loss above 0.071657.
Would you dare to take a position here? Let me know in the comments.
$DOGE