DOGE - Top-Down Analysis!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

WEEKLY: Left Chart
DOGE is approaching a strong demand zone around 0.05-0.08 so we will be looking for buy setups on lower timeframes.

DAILY: Middle Chart
Moreover, DOGE is approaching the lower trendline in brown acting as a non-horizontal support.

H4: Right Chart
DOGE is forming a channel in red but it is not ready to go yet.

For the bulls to take over, we need a break above the last major high and above the entire consolidation.

Meanwhile, until the buy is activated, DOGE can still trade lower inside the weekly demand zone in blue. In this case, we will be looking for new buy setups to form.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich