Dogecoin to do stop-hunt and bounce back near to ATH level
Based on the current level consolidations followed by breakout, it pulled lot of new investors hoping that it will give a dream bull-run to become rick quickly. Though the bull-run is inevitable, the market will definitely shakeout this new investors by doing a stop-hunt before it continue on its uptread is very likely! There is a double-bottom below which whales can hunt SLs before moving up further.
Trade active
Looks like DOGE is travelling towards our SL HUNT area.
Expecting it to bounce once it reaches there.
Note
And the shakeout/SLHunt happened to pick up liquidity and it starts moving up now as mentioned in the IDEA here. Look at how nicely it started retracing from the earlier predicted level!
Now the next big thing to happen is to breakout the recent high 0.48 to achieve the 1st target of 0.65.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.