$DOGE #itstimetotrade
Trade long ...
coin in bullish mood
If **Dogecoin's trading volume increases** and it forms a **green candle** (a bullish candle where the closing price is higher than the opening price), this typically indicates:
### **1. Strong Buying Pressure**
- The increase in volume suggests **higher market participation**, and the green candle confirms that **buyers are in control**.
- This could mean **bullish momentum** is building, possibly due to positive news, whale accumulation, or general market optimism.
### **2. Potential Trend Reversal or Continuation**
- **If after a downtrend**: High volume + green candle could signal a **reversal** (buyers stepping in).
- **If in an uptrend**: It may indicate **continuation** (more buyers joining the trend).
### **3. Confirmation of Bullish Sentiment**
- Unlike a low-volume green candle (which could be a weak move), **high volume adds validity** to the upward price movement.
### **What to Watch Next:**
- **Follow-through**: The next candles should stay green with sustained volume to confirm strength.
- **Resistance Levels**: If Dogecoin approaches key resistance, watch for volume spikes breaking through or rejection.
- **Market Context**: Check Bitcoin & overall crypto market trends, as Dogecoin often follows broader moves.