Dogecoin (DOGE) is showing signs of renewed bullish momentum! The 12-hour chart reveals a classic bullish pennant pattern, which is usually followed by a significant price increase. What is a bullish pennant pattern? A bullish pennant pattern is a technical analysis chart pattern that looks like a flag on a flagpole. It typically forms after a sharp upward move and indicates a continuation of the uptrend. How to trade this pattern? * Entry: Wait for a breakout above the upper pennant trendline. * Stop Loss: Place your stop loss below the recent swing low. * Take Profit: Set your profit target at $1. Remember: * Always use a stop-loss order to limit your potential losses. * Take profits at your pre-determined targets. * Please do your own research before making any investment decisions. Disclaimer: This is not financial advice. Please consult a financial advisor before making any investment decisions. Let's keep an eye on Dogecoin and see if it can break above the pennant and reach the $1 target!
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