DOGE Alert: Falling Wedge Forming on the 1D Chart! đâĄïžđ
Dogecoin is setting up for a potential move, and here's why you should be watching closely:
Falling Wedge Pattern: On the 1D time frame, #DOGE is forming a classic falling wedge patternâa bullish reversal signal! The price has been squeezing tighter between the support and resistance lines, hinting at a possible breakout.
Liquidity Sweeps Spotted: Weâve seen liquidity sweeps twice under the support line, with DOGE bouncing back strongly each time from the support zone. This shows that buyers are stepping in aggressively at these levels, preventing further drops.
Double Breakout Potential: Not only is there a potential breakout from the falling wedge, but #DOGE is also positioned for a double breakoutâif it can push through both the falling wedge resistance and the next overhead resistance level, we could see significant gains.
đ What to Watch: Keep a close eye on the resistance lineâif #DOGE breaks above it, we could be in for a bullish run. This setup looks promising!
Are you ready for a potential DOGE breakout? Keep your alerts on! đ
