Here is analysis of DOGEUSDT support and resistances.
The price was rejected from weekly resistance zone WR1 two time. The price is currently on downward move. An next support on the way is 4h support 4HS1 and the next one is weekly support WS1.
The price is likely to bounce from 4h support 4HS1. This will provide a long opportunity from 4HS1 towards the 4h resistance 4HR1.
The possibility that the price may touch WS1 again on this current downward move, beyond some bounces which we are planning to exploit for long setups, is real.
Lets wait and watch while we take the given trade and review the price reaction on touching 4HR1 on the expected bounce from 4HS1.
The price was rejected from weekly resistance zone WR1 two time. The price is currently on downward move. An next support on the way is 4h support 4HS1 and the next one is weekly support WS1.
The price is likely to bounce from 4h support 4HS1. This will provide a long opportunity from 4HS1 towards the 4h resistance 4HR1.
The possibility that the price may touch WS1 again on this current downward move, beyond some bounces which we are planning to exploit for long setups, is real.
Lets wait and watch while we take the given trade and review the price reaction on touching 4HR1 on the expected bounce from 4HS1.
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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.
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.