#Dogecoin‬⁩

Doge is at an important price confluence level. For many days now, it has been trying to break free from the confinement in the confluence area of 0.27, 0.31, and 0.34. The price spring is compressed and about to burst out. The beast is about to escape from its cage. The question is whether the price will rise above 0.34 or drop below 0.27?

I still lean towards a good start in this new year. In the previous post, I noted that the weekly candle looked quite good. Therefore, this week, our beloved dog is likely to go up. Today, the daily candle seems similar. The efforts of the bulls have exhausted the bears, as shown by the long wick down but stopping at the bulls' defense position. That is a good signal.

In case the bulls fail, we still have the 0.27 level to trust.

Of course, I will not go all in at this moment. I will continue to buy in the following scenarios: the price breaks above 0.34, the price drops to 0.27.