DOGEUSDT
How do you do dear friends,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for DOGEUSDT
In the current chart, R2 is the resistance areas that include the unsuccessful attempts of the price to rise. R1 used to be a support line. And finally at the bottom, S1 is our long-term support area in which the support of price since the past is clear. We have the support of price at S1 since its past behavior and after some rising trend to pass, it was supported well at R1; which used to be a support line. Then it could face a rise to R2 but due to the rejection there and the high pressure of sellers, the price fell into the area below R1 when it lost more support by this line. Thus we believe the price to be in a supportive behavior and rise up to R1 and by another rejection, more decrease is waiting for it down to S1. The possibility of a rise over R1 in not so high now and we expect the price to face more decline in the coming days. If you want to take more risks, you should wait for the price to reach S1 and on its trend upward, you can enter trading then. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you the best
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for DOGEUSDT
In the current chart, R2 is the resistance areas that include the unsuccessful attempts of the price to rise. R1 used to be a support line. And finally at the bottom, S1 is our long-term support area in which the support of price since the past is clear. We have the support of price at S1 since its past behavior and after some rising trend to pass, it was supported well at R1; which used to be a support line. Then it could face a rise to R2 but due to the rejection there and the high pressure of sellers, the price fell into the area below R1 when it lost more support by this line. Thus we believe the price to be in a supportive behavior and rise up to R1 and by another rejection, more decrease is waiting for it down to S1. The possibility of a rise over R1 in not so high now and we expect the price to face more decline in the coming days. If you want to take more risks, you should wait for the price to reach S1 and on its trend upward, you can enter trading then. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you the best
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