DOGE/USDT (Spot) Long-Term Trend: Bullish
Key Resistance Levels: 0.2536, 0.2678, 0.2700.
Key Support Levels: 0.2362, 0.2280, 0.2209.
The price on the higher time frame found support around the 0.2365 USDT mark where huge wicks are left to the downside along with an engulfing bullish pattern and a 50% Fibonacci retracement level. The market has moved higher and we expect further movement to the upside toward the next key resistance level.
DOGE/USDT (Spot) Medium-Term Trend: Bullish
On the lower time frame, the coin succeeded to break the descending channel formation to the upside after posting a double bottom near the support level. A lower correction could be seen to the bespoke support level before a new impulsive wave toward the target profit.
Buy Limit Order @ 0.2374
TP 1 @ 0.2536
TP 2 @ 0.2678
Stop Loss @ 0.2305
Trade Safely 🙂