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DOGE/USDT - Waiting for Breakdown πŸ‘€

Short
BYBIT:DOGEUSDT.P   DOGEUSDT Perpetual Contract
DOGE coin has caught our attention here in a 4-hour timeframe, where we see that the local trend has been tested many times with liquidation grabs. This shows the strength of sellers as they try to break that trend and potentially lead the price to that lower line (dotted red line).

While last attempt failed to break the trend, we are still going to wait for some weakness here and a potential breakdown after what we will be looking for a position as well!

Swallow Team
Comment:

We see a surge in buys on DOGE coin, which could push the price to upper resistance for a re-test. We are waiting for price to reach this zone and see how it will reach resistance
Comment:

Price got rejected from the middle line of Bollinger Bands. Looking here for further weakness and a potential attempt to breakdown that lower trend here.

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