DOGE Looks Bearish (1D)We tried to show the waves from a larger perspective so you can have a better understanding of the path.
It seems that wave "B" of the higher-degree correction has been completed (wave B was a bullish phase), and now we are entering wave "C", which is bearish at a higher degree.
With the price pulling back toward the red zone, we can look for sell/short positions.
On the chart, there is a liquidity pool marked with "$$$", and the first target of this bearish move is to sweep that liquidity pool.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
