DOGEUSDT: A Classis Price Action
It seems that DOGE is preparing the path to break the prevailing resistance. This should happen after a retest of the support area.
However, note that the confluence area is between the 'prevailing support' (0.14587 to 0.14872) and the 'median 50%' at 0.14570, which is situated above the support area. This could indicate that the support is not strong enough to hold the current price. With this assumption, I would place a GRID Buy order starting at 'median 50%'. On one hand, price could rebound from the prevailing 50% and possibly start breaking the resistance.
/please DYOR/trade at your own risk
However, note that the confluence area is between the 'prevailing support' (0.14587 to 0.14872) and the 'median 50%' at 0.14570, which is situated above the support area. This could indicate that the support is not strong enough to hold the current price. With this assumption, I would place a GRID Buy order starting at 'median 50%'. On one hand, price could rebound from the prevailing 50% and possibly start breaking the resistance.
/please DYOR/trade at your own risk
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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.