$DOGE has shown signs of reversal with a strong bullish candle at the bottom after a prolonged downtrend.
Price has found solid support near the recent lows absorbing heavy selling pressure and closing with conviction on high volume.
This kind of sharp bounce often marks the end of distribution and the start of accumulation with potential for a strong recovery as long as price holds above the support zone.
Momentum is shifting in favor of bulls right now.
Trade Setup
Entry Range: 0.1220 – 0.1240
Target 1: 0.1280
Target 2: 0.1320
Target 3: 0.1380
Stop Loss (SL): 0.1190
DOGE
0.14206
-2.88%