🔥 DOGE Big Potential Short

٢٤ فبراير ٢٠٢١

DOGE has been bleeding since it produced a double top at around 0.086. This bleeding, combined with the recent Bitcoin sell-off are potentially a bad case for DOGE's profitability. Not even talking about the fact that DOGE's current value is based on third parties creating hype and memes without a proper use for the coin itself, but that's a different story.

Before entering this trade, wait for the price to close below the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.

Happy trading!