Lingrid | DOGEUSDT rolled back to RANGE zone

8 thg 5, 2024

The price perfectly fulfilled my last idea. DOGEUSDT formed a double top at the channel top, then rolled back to the support level at 0.14. On the weekly timeframe, it created a long-tailed bar, which indicates buying pressure. The market might retest 50%–61.8% of the weekly candle. If the price bounces off through the support zone at 0.13-0.14, we can anticipate a bullish move, updating the higher highs. On the daily timeframe, the market formed an inside bar pattern, and currently it's near the Saturday low zone, where we had a price surge. My goal is resistance at 0.16660

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻