Hello guys!
Doge is a bit complicated in the 1H timeframe.
It is, without doubt, bearish, but it's now inside a bullish regression channel.
However, it has been rejected by our static and dynamic resistance levels, and also, the 4H Bollinger Band has pushed the price down.
The support level shown on the chart is working like a magnet right now, and there is a possibility that it will bring the price down.
Whatever you do, don't open long positions for now.
Let me know what you think. I would love to hear your ideas.
Good luck!
Doge is a bit complicated in the 1H timeframe.
It is, without doubt, bearish, but it's now inside a bullish regression channel.
However, it has been rejected by our static and dynamic resistance levels, and also, the 4H Bollinger Band has pushed the price down.
The support level shown on the chart is working like a magnet right now, and there is a possibility that it will bring the price down.
Whatever you do, don't open long positions for now.
Let me know what you think. I would love to hear your ideas.
Good luck!
