Since DOGE topped earlier in 2020, this token has practically only been trading bearish. During this down trend, we had some bullish moves here and there, but we never managed to get above 40 cents again.
Over the course of a few months, a bearish triangle has appeared on DOGE's chart. As of this week, DOGE has managed to break towards the bearish side of the pattern.
If you're confidently bearish, opening a short might be your best bet. However, I'd wait for the continuation of the downtrend, a close below the Dec-05 lows would be my confirmation target. Target placed at round number 0.1
Happy trading!
Over the course of a few months, a bearish triangle has appeared on DOGE's chart. As of this week, DOGE has managed to break towards the bearish side of the pattern.
If you're confidently bearish, opening a short might be your best bet. However, I'd wait for the continuation of the downtrend, a close below the Dec-05 lows would be my confirmation target. Target placed at round number 0.1
Happy trading!
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