CryptoHotep

$DOGE | Finally reaching over bought status again

Short
BITTREX:DOGEUSD   Dogecoin
$DOGEUSD 🐕 has finally reached overbought levels, that haven't been seen since mid-August. To put it bluntly it's been particularly quiet on the $DOGE front. We may have a SHORT opportunity here upcoming and my eyes are peeled on this near term resistance level on the 4hr and breakout of the upper band. Waiting for a confirmation candle as well as RSI to point downward before a move is made. Also remembering that $BTCUSD moves opposite of $DOGEUSD TYPICALLY. So if $DOGE is pumping then $BTC is stagnant or on the decline.

This is where patience comes into play.
Trade closed: target reached:
WINNER 🎯

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