DOGE - Around Support Again ❗️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1

DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue.

🏹 For the bulls to take over short-term, we need a break above the last major high from H4 highlighted in orange.

🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.

📉 If we break below 0.075, we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups.

Which scenario do you think is more likely to happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich