Lingrid | DOGEUSDT Potential Channel BREAKOUT. Long 
2025-01-16
Category: None

BINANCE:DOGEUSDT  broke and closed above the key level at 0.3500, showing strength. Currently, the price action is testing the channel border and resistance within the 0.3700-0.3800 range. It appears the market took liquidity below the previous week's low, potentially creating a false breakout. As such, the market is now testing the previous week's high. We had a consolidation phase since the beginning of January, therefore I anticipate the market to break out of the downward channel and retest the trendline. My goal is resistance zone around 0.4300


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