Hey everyone, HONEYITSGONE with an analysis on DOGE/USDT
*PERP prices may vary!
***Never execute a plan you found on the internet without doing your research***
Doggycoin
This coin Does not look the greatest. MACD suggests intense sell pressure. However, sell volume can subside at any point. RSI is in bearish territory. Lower BB is acting as current support but seems weak at this time.
We provide a bullish and bearish scenario.
Bullish (Green squiggly line)
We flip resistance and continue higher until the buy volume exhausts.
Bearish (Red squiggly line)
Resistance rejects us, and we make our way downwards until we find a strong support level.
If bullish on DOGE, consider building a position within green boxes labeled BUY or near the red horizontal lines.
Note that if we move down or up, price action can flip directions at any point. Never go all in at one price. Spread your funds across all levels unless you are a professional. Use the proper risk/ reward scenario that best suits you. Take profit and raise/lower your S/L for-profit if possible.
Leave a like, follow and comment if you want more of this content.
Best Wishes,
HONEYITSGONE!
*PERP prices may vary!
***Never execute a plan you found on the internet without doing your research***
Doggycoin
This coin Does not look the greatest. MACD suggests intense sell pressure. However, sell volume can subside at any point. RSI is in bearish territory. Lower BB is acting as current support but seems weak at this time.
We provide a bullish and bearish scenario.
Bullish (Green squiggly line)
We flip resistance and continue higher until the buy volume exhausts.
Bearish (Red squiggly line)
Resistance rejects us, and we make our way downwards until we find a strong support level.
If bullish on DOGE, consider building a position within green boxes labeled BUY or near the red horizontal lines.
Note that if we move down or up, price action can flip directions at any point. Never go all in at one price. Spread your funds across all levels unless you are a professional. Use the proper risk/ reward scenario that best suits you. Take profit and raise/lower your S/L for-profit if possible.
Leave a like, follow and comment if you want more of this content.
Best Wishes,
HONEYITSGONE!
