MoveFX

MORE SELLOFF IN DOGECOIN?

Short
Dogecoin sold off and all other leading crypto assets sold off as well.
Binance opt-out from the business transaction to acquire FTX. FTX dropped in a matter of days and has started chapter 11 bankruptcy proceedings.
At the above timeframe(DOGECOIN) we could price made a bullish retracement to $0.092 price continued to sell off.
If we later see sellers advancing beneath major lows of $0.072, this will lead to high plunges in Dogecoin and other major crypto assets, I would look further to short Dogecoin.
The value of the overall crypto sector plummeted 12% to $911 billion according to CoinMarket Cap.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.