DOGECOIN is implementing a countertrend impulse towards the imbalance zone of 0.0979, however, the dominance of bears may keep the altcoin at a key point
Altcoin is under market pressure. The coin is forming a manipulative impulse towards the zone of 0.100 - 0.0979. There is no bullish volume in the market, bears dominate. The current surges are aimed at accumulating liquidity before a further decline. A false breakout will bring the market back to its senses.
Scenario: A false breakout and rebound from the level could cause a further decline under pressure from the main downtrend
Altcoin is under market pressure. The coin is forming a manipulative impulse towards the zone of 0.100 - 0.0979. There is no bullish volume in the market, bears dominate. The current surges are aimed at accumulating liquidity before a further decline. A false breakout will bring the market back to its senses.
Scenario: A false breakout and rebound from the level could cause a further decline under pressure from the main downtrend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.