DOGE, squeeze and breakout as a good selling opportunity

3 thg 2, 2022

DOGE is in the $0.13-$0.14 range. A large number of people have been accumulating positions in this range. Some to sell, some to buy. It is now worth waiting for a clear prerequisite to open a position, as it is not known who is more numerous, sellers or buyers.

As long as the trend is down and there is no strength from the buyers, there is a high probability that the fall might continue. A squeeze and breakdown of the lower end of the range could be a good selling opportunity.

But I am concerned that there is a lot of volume at the bottom. This could contribute to the upside.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.