FieryTrading

๐Ÿ”ฅ DOGE Big Potential Short

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BINANCE:DOGEUSDT   Dogecoin / TetherUS
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 Iโ€™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!

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