Coin name: Doge
SHORT
Price: .173800
(Enter on entry price)
Currently, I can see a rising wedge bearish pattern forming on the 1-hour timeframe for DOGE. Once the price reaches the upper resistance trendline of this pattern, a downward move is expected.
Also, looking at the 2-day Coinglass liquidation heatmap, there is significant liquidity around the lower trendline area. This suggests that DOGE may move down to grab that liquidity. So, technically, a downside move is likely.
On the BTC chart, a falling wedge bullish pattern is forming. At present, BTC is testing the upper resistance of the wedge. After touching this resistance, BTC may drop, and I expect a bounce from around $74,000. That’s when I plan to open a trade.
5x leverage isolated
Sl: .17957
Target:
1) .17000
2).16950
3).16780
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