#DOGE Technical Update
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.