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angela_altair

DOGEUSDT close to support zone, a long will be favorable

Long
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
angela_altair Updated   
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators dogesusdt dogecoin DOGEUSDTPERP dogeusdtlong dogeusdtbuy dogeusdtidea
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trendanalysis chartpattern indicator dogesusdt dogecoin dogeusdtperp dogeusdtlong dogeusdtbuy dogeusdtidea
The price was rejected from the weekly resistance after price traded inside that zone for a while. The target of this drop is the below support around 0.077. If the price comes to that zone, a long is favorable towards weekly resistance around 0.08190.
Comment:
The price went way beyond the target of the trade. Indeed the target looks dwarf compared to the jump price has. Currently price trading inside weekly resistance zone. In normal scenario this would have been a perfect place to take a short side position. However, with such a strong momentum in the price, short can be stopped out very quickly as price may have erratic volatility on the upside.
snapshot
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