🐕💰 Does DOGE hide a price explosion or a coming bull trap? 🤔🔥
On the 4-hour chart for DOGE/USDT, we see conflicting signals that stir both fear and greed:
💧The price is moving within an ascending triangle with strong resistance at 0.246–0.250 💥.
💧Vital support at 0.231–0.233 near the EMA averages, and breaking it could push towards 0.226 → 0.213 ⚠️.
💧RSI indicator at ~63: Positive momentum but has not yet entered overbought territory.
📊 Bullish scenario: A confirmed breakout above 0.250 could open the way for targets of 0.268 → 0.280 → 0.287.
📉 Bearish scenario: Closing below 0.226 means the pattern fails and a return to decline.
The question now: Will greed prevail and prices explode, or will fear trap traders in a new trap? 😱🤑
Share your opinion 👇: Do you expect a breakout upward or a collapse downward?
