DOGE/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 0.19544, 0.20476, 0.21165
Key Support Levels: 0.18047, 0.17035, 0.15962
The price on the higher time frame failed to break a strong key support around the 0.17035 USDT mark which led to a long tail to the downside in the yesterday’s bar. This led to the formation of a double bottom and a reversal to the upside.
DOGE/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside after posting an inverse head and shoulders. The market has moved higher. We expect a lower correction to the highlighted zone before a new move upward toward the target profit.
Buy Limit Order @ 0.18097
TP 1 @ 0.19477
TP 2 @ 0.19544
Stop Loss @ 0.17632
Trade Safely 🙂