Dogecoin fell sharply through the Lower Bollinger Band on the 1-Day chart. When this happens on the 1-Day chart, a short position can be closed for profit-taking since there has been a too rapid sell-off.
Now that Dogecoin has created a new bull-trap, a new short position can be created for the deeper ride down.
Now that Dogecoin has created a new bull-trap, a new short position can be created for the deeper ride down.