FieryTrading

🔥 DOGE Slowly Falling: Bearish Outlook

Short
BINANCE:DOGEUSDT   Dogecoin / TetherUS
DOGE has been bleeding value since it made a new ATH a couple of days ago. After being hyped up by third parties, investors and speculators are taking profits while the hype surrounding this coin has dried up substantially, leading to a gradual decline in value.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.

Happy trading!

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