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DOGE/USDTPERP Potential Upward Movement

DOGE/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 0.351052, 0.446850, 0.573614.

Key Support Levels: 0.292166, 0.231834, 0.163821.

Daily Chart:

The price on the higher time frame succeeded to break the downtrend to the upside where it posted higher lows and highs. The market as well succeeded to break the strong daily resistance around the 0.292166 USDT and retraced to it. A continuation to the upside is expected.

DOGE/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price succeeded to break the bullish flag to the upside with a double bottom at the lower end of it. The price could retrace to the highlighted zone before a new impulsive wave to the upside.

Signal Idea:

Buy Limit Order @ 0.314634

TP 1 @ 0.349088

TP 2 @ 0.35105

Stop Loss @ 0.303204

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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