DOGE is currently approaching a major weekly support zone $0.08 – $0.05 .
This area has previously acted as a strong demand zone, so it’s definitely a level to watch. However, structure still matters.
Price remains bearish, trading inside the falling red channel with clear lower highs and lower lows.
For the bulls to take over again, we need:
- A clean break above the falling red channel
- Followed by a shift in structure on lower timeframes
Until that happens, this is simply a test of support within a broader bearish correction.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This area has previously acted as a strong demand zone, so it’s definitely a level to watch. However, structure still matters.
Price remains bearish, trading inside the falling red channel with clear lower highs and lower lows.
For the bulls to take over again, we need:
- A clean break above the falling red channel
- Followed by a shift in structure on lower timeframes
Until that happens, this is simply a test of support within a broader bearish correction.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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theSignalyst.com
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t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.