DOGEUSDT | Navigating the Secondary Demand Zone
Hello There
The second current red candle opened higher to the low of the previous candle in the secondary demand zone, fairly above the 0.618 bull retracement.
This is when the price reached a high of 0.20637 to a turncoat of 0.15346 against the low of 0.12022.
So there needs to be a bullish close above the secondary candle for a potential price increase. Be watchful for any retests. On the way up, the price could find strong resistance around 0.22571; pay attention to what may happen there.
Overall, the price is neutral over a demand zone for any candle open above 0.17104.
* This is not financial advice, only a setup I share; apply your own analysis or consult a financial advisor.
Happy Trading,
Khiwe
The second current red candle opened higher to the low of the previous candle in the secondary demand zone, fairly above the 0.618 bull retracement.
This is when the price reached a high of 0.20637 to a turncoat of 0.15346 against the low of 0.12022.
So there needs to be a bullish close above the secondary candle for a potential price increase. Be watchful for any retests. On the way up, the price could find strong resistance around 0.22571; pay attention to what may happen there.
Overall, the price is neutral over a demand zone for any candle open above 0.17104.
* This is not financial advice, only a setup I share; apply your own analysis or consult a financial advisor.
Happy Trading,
Khiwe
Comment:
Comment:
The price came down from the Tokyo high to the New York low at 0.17070. The price is losing bullish strength for the current daily candle, but the bullish momentum has the potential to sustain above the 0.155 low, which is a higher low to 0.126.
>Currently, there needs to be a valid higher low above 0.18183 for bullish interests.
Okay, and that's it for this one...onto the next, Happy Trading!
>Currently, there needs to be a valid higher low above 0.18183 for bullish interests.
Okay, and that's it for this one...onto the next, Happy Trading!