Dog/TetherUpdated Dogusdt Double top: Will this breakdown or Hold?
DOGUSDT is forming a potential double-top pattern, with price approaching the neckline zone, a critical level that will determine whether the pattern confirms or invalidates. The reaction at this level is key, as a strong hold could lead to a range-bound move, while a breakdown would signal further downside continuation.
The $0.001756 level remains the key invalidation point, with price action around this zone dictating the next major move. Targets for both bullish and bearish scenarios are outlined on the chart, providing key reference points for trade execution. Monitor closely for confirmation.
The $0.001756 level remains the key invalidation point, with price action around this zone dictating the next major move. Targets for both bullish and bearish scenarios are outlined on the chart, providing key reference points for trade execution. Monitor closely for confirmation.
Trade active
The potential double top is still developing, but the neckline has yet to break. Our focus remains on price action in the current zone, if it breaks down, a significant downtrend is likely toward the target shown on the chart. However, if the neckline holds, we can expect an upside move to begin, aiming for the supply zone indicated on the chart.
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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.