Dogecoin is hyped and FOMO will kick in. We have seen the price rising around 140% from the major support and we are now very close to the major resistance area where sellers have stepped in before. As an example look at the previous times we tested this same resistance spiking over those levels and volume increasing. Ideally I would like to see something similar to play out or me to open a short position: a spike above these levels with volume increasing accordingly and rejection would be my preconditions to open my trade.
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!