$DOGE | 4H ANALYSIS 📊
I would expect the support around 0.21578 to hold and for a bullish reaction to come from here. If a strong reversal candle forms here, a long position can be opened, with targets at 0.22200, 0.22440, and 0.23090 respectively.
- If the price dips below 0.21218, the decline will accelerate, and we may see a drop to the 0.20737-0.20336 range, where a search for new buyers will begin.
- For a short position, no short should be opened without clear selling pressure and a reversal candle around 0.22440 and 0.23090.
- My expectation: As long as we stay above the 0.21578 support, the outlook is bullish; below it, the decline continues. Before entering a trade, you must see a pin bar, engulfing, or a clear reversal signal on a lower time frame.
- If the price breaks the 0.21578 support and closes below it, I will cancel my bullish expectation and look for a bearish outlook.