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. Thatโs when I plan to open a trade.