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Yuriy_Bishko
Aug 6, 2022 9:05 AM

DOGE return to the trendline. Pump soon?🚀 

Dogecoin / TetherUSBinance

Description

Hi, friends! DOGE is waiting for the next pump by Mr. Musk. How do you think will it be the payment method in the Twitter if Binance and Elon buy this social network? Write in the comments!

If we look at the chart we can see that Doge return to the trendline but i think that pullback is highly possible.Why❓Because the breakout of the triangle is to obvious for many traders and the majority never earn in the end.

What do i expect? In this case the price should make a pullback✅to the bottom of value area and collect the liquidity there one more time. Also if price make a pullback it trapped a lot of short traders who open their short.

🚩 Both long and short traders become the fuel for growth.

📊 Preconditions to open a long:
🔥pullback inside the $0.65-0.7 value area
🔥the volume growth which is confirm the pressence of big player
🔥return to the trendline fot the 3rd time and squeeze to it

📊 The targets:
1️⃣ $0.0788
2️⃣ $0.0895

🚩Traders, what is your scenario for DOGE and BTC? Write in the comments!

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Comments
SwallowPremium
Thank you for sharing
CommonManCrypto
pullback likely to 61.8 fib before get to Value Area?
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