DOGE / USDTLong
DOGEUSDT: Falling wedge and parallel channel breakout
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DOGEUSDT appears favorable for a long position or spot hold. DOGE has broken out of a falling wedge pattern and a supporting parallel channel.
The breakout and subsequent retest appear to have been completed, suggesting that every dip could present a buying opportunity. The entry zone is indicated on the chart, with potential gains of nearly 77% for futures and hold suggestion for spot traders.
What are your thoughts on this analysis? Feel free to share your insights in the comments!
If you're finding value in this analysis, please consider liking and following!
DOGEUSDT appears favorable for a long position or spot hold. DOGE has broken out of a falling wedge pattern and a supporting parallel channel.
The breakout and subsequent retest appear to have been completed, suggesting that every dip could present a buying opportunity. The entry zone is indicated on the chart, with potential gains of nearly 77% for futures and hold suggestion for spot traders.
What are your thoughts on this analysis? Feel free to share your insights in the comments!
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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.
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.