DOGECOIN took support at 0.24-0.26 and forming a Pattern on 1H
▫️DOGE took support at 0.24-0.26 price ranges and forming a descending triangle pattern.
✅ You can add positions if the trendline breaks with high volume.
✅ Book profits partially for every 10% increases on doge.
✅ If the support breakdown then wait for next opportunity.
✅ If you're beginner it's better to stay away from Doge.
Note: A descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern.
✅ You can add positions if the trendline breaks with high volume.
✅ Book profits partially for every 10% increases on doge.
✅ If the support breakdown then wait for next opportunity.
✅ If you're beginner it's better to stay away from Doge.
Note: A descending triangle can be either bearish or bullish. Traditionally, a regular descending triangle pattern is considered to be a bearish chart pattern. However, a descending triangle pattern can also be bullish. In this instance it is known as a reversal pattern.
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