DOGEUSDT heading for daily support
Updated
As mentioned in the last post, price moved up and touched the weekly resistance before moving down.
Now it seems price might be headed for the daily support region as marked in the chart. This daily support has already been tested after the breakout from that level.
Now it seems price might be headed for the daily support region as marked in the chart. This daily support has already been tested after the breakout from that level.
Trade closed: target reached
The price almost touched that daily support mentioned in the post. The price came very close to the support level and just fell short of 0.4% from touching that support area. There is still a chance that it might tap once again into that support area before having a proper bounce and move to the upside. But I am closing this idea as it achieved its purpose sufficiently by coming down so close to the daily support level. The RR right now is in favor of long side.I will share further price action from here for DOGEUSDT in a separate post.
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