๐ DOGE Starting to Rise? Or Just a False Breakout? ๐ฅ
DOGE/USDT is giving an interesting signal on the 4-hour time frame! After dipping to $0.305, it is now starting to rise and breaking MA(7) & MA(25). But, the question is: bullish continuation or Batman trap? ๐ง
๐ Facts on the chart:
โ Price rose +0.76% & buying volume started to increase.
โ Higher low formed โ indication of bullish reversal.
โ Nearest resistance target at $0.343 - $0.348, if broken through, it could continue rallying!
โ ๏ธ However, market orders are still dominated by sellers (55%). There could be a correction before continuing to rise.
๐ฏ Strategy?
Break & Retest at $0.343 โ could be an entry opportunity to buy.
Failed to break? Get ready for a pullback to $0.323 to buy on dip!
So, what do you think? Will DOGE go to the moon or will it go sideways first?
