DOGE/USDT: Potential Bullish rotation between zone at $0.32-0.33
DAILY TIMEFRAME: Price is at 50EMA, After the sell-off of Wednesday sellers did not have enough power to keep the price below 50EMA.
As you can see, RSI has been respecting the middle zone (50) for the whole 2021.
4H TIMEFRAME: Price is coming back to previous low, for a potential formation of a double bottom (STRONG BULLISH ROTATION PATTERN)
SL: 0.28$ At the breakout of previous daily candle low
TP1: $0.41 At 4h downtrend trendline (Next are of sell pressure)
TP2: 0.51 Key level that has been acting as support and resistance for more than 3times
As you can see, RSI has been respecting the middle zone (50) for the whole 2021.
4H TIMEFRAME: Price is coming back to previous low, for a potential formation of a double bottom (STRONG BULLISH ROTATION PATTERN)
SL: 0.28$ At the breakout of previous daily candle low
TP1: $0.41 At 4h downtrend trendline (Next are of sell pressure)
TP2: 0.51 Key level that has been acting as support and resistance for more than 3times
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