DOGE/USDT Long-Term Trend: Bullish
Key Resistance Levels: 0.6132, 0.7341, 0.7400
Key Support Levels: 0.5172, 0.4176, 0.3507
The price on the daily time frame managed to break the wedge formation to the upside. The price succeeded as well to break the daily resistance around the 0.5172 USDT mark. The previous resistance became support where we expect the price to rally from this level.
DOGE/USDT Medium-Term Trend: Bullish
On the 1-hour time frame the price is showing low volume above the 0.5172 USDT level which indicates that the market it prepares itself for a huge movement. A correction might be seen to the daily support before the rally in the same direction of the main trend.
Buy Market Order @ 0.5272
TP 1 @ 0.6113
TP 2 @ 0.7341
Stop Loss @ 0.4857
Trade Safely 🙂