DOGEUSD 8H: 40% correction warning S/R broke down(SL/TP)(NEW)

4 févr. 2022

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DOGEUSD 8H: 40% correction warning S/R broke down(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: DOGEUSD 8hour chart review
::: updated/revised outlook
::: expect cycle low at 6-8 cents
::: later February/March 2022
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: price contained within BEAR channel
::: S/R was re-tested and we are still flushing
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: sequence of lower highs: BEARS
::: limited upside from here capped by 16C
::: 40-60% correction possible next
::: 4-8 weeks in Q1 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIES
::: TP BEARS is +50% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

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