DOGE - Who Let The DOGE Out 🐶

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

DOGE has been overall bullish trading inside the rising broadening wedge pattern in orange, and it is currently approaching the lower trendline.

Moreover, the 0.07 is a strong support zone.

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline (acting as a non-horizontal support)

As per my trading style:
As DOGE is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Unless the blue support is broken downward, then the momentum will be shifted from bullish to bearish.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich