DOGE ON A PAUSE, 4H BEARISH LOOK

9 בדצמ׳ 2024

DOGE had a good run, I had high hopes for $0.70. I am in huge profit, but I had to re-evaluate my position fast. And i thought I need to put this out there. Plus what i saw on my chart can be kept to myself alone.

It's a Bearish Rising Wedge - a clear bearish pattern.

While last ATH of DOGE is still on the table, i fear it must pull back before that comes, as seen on the chart. I have taken profits, I will re-enter when BTC is done with the temporary pullback currently ongoing.

Here are key tips to note:
1. 200EMA will be tested
2. 9% drop in the last 24-hour
3. Support $.4282 (hopefully it holds, if it breaks, $.30 isn't impossible)
4. F & G index at 78 (extreme greed)
5. Longs positions are more than the Shorts (encouraging)
6. The RSI is been overbought for a while now, short correction needed.


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