DOGE/USDT Long-Term Trend: Bullish
Key Resistance Levels: 0.2746, 0.2885, 0.2900
Key Support Levels: 0.2593, 0.2468, 0.2344
The price on the higher time frame succeeded to break the bearish channel to the upside after finding buyers around the 0.2468 USDT mark. It posted an engulfing bullish pattern which shows that the buyers are in control.
DOGE/USDT Medium-Term Trend: Bullish
On the lower time frame the pair posted a double bottom formation near the strong support which led to a reversal and a move upward. A lower correction could be seen to the highlighted zone before a huge rally toward the target profit.
Buy Limit Order @ 0.2600
TP 1 @ 0.2746
TP 2 @ 0.2885
Stop Loss @ 0.2526
Trade Safely 🙂