Spot call
Price: .15471
(Enter on entry price)
On the weekly timeframe, Dogecoin is respecting a trendline support, indicating a potential move to the upside. A spot entry in DOGE could be a low-risk opportunity. Using a limit order for entry can help minimize risk even further.
DOGE has already absorbed downside liquidity, which is a positive sign for an upward move. There is significant liquidity on the upside, making it a good opportunity to enter gradually, rather than all at once.
Additionally, BTC dominance (BTC.D) has broken out of an ascending triangle, a bullish pattern. This suggests that altcoins may face further downside pressure. Stay cautious and avoid using high leverage in your trades.
Target:
1) .20000
2).25000
3).30000
4).40000
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