DOGE buy-the-dip strategy is simple: look for reversal patterns on smaller timeframes. Once they appear, use the Daily to buy near the support. The closest one should be at 25c.This main memecoin is one of the few I want to keep in my portfolio this cycle, but currently, it's been losing its key Liquidity Zone that worked as hard support during multiple dips (29.5 - 31c).
This is pretty concerning, especially with Trump starting his global trade wars as we speak and countries beginning to retaliate.
Still 11 hours until the Daily candle closes, but I have a feeling the bleeding is not over.
The only good thing is that liquidity has been taken, as evidenced by the Liquidation Heatmap I pasted.
The 25c mark is on my watch, as
DOGE is guaranteed to be oversold by the time (and if) it gets there. Tight TA day, which means, in a nutshell, wait for strong reversal signals before entering. Another level that can make or break this coin is the green upcurving 200 MA, currently at 22.6c.Monitoring this crap as it keeps falling. Stay tuned. 👽💙
I publish more often, and include more info (included the Liquidation Heatmap for this post) on Binance Square, under this link, see you there:
binance.com/en/square/profile/Square-Creator-52b223424?_ul=aHR0cHM6Ly9hcHAuYmluYW5jZS5jb20vdW5pLXFyL2Nwcm8vU3F1YXJlLUNyZWF0b3ItNTJiMjIzNDI0P2w9ZW4mcj04MTc3MDI4NyZ1Yz1hcHBfc3F1YXJlX3NoYXJlX2xpbmsmdXM9Y29weWxpbms&ref=81770287&utm_campaign=app_square_share_link&utm_source=copylink
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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.