DOGE/USDT – Positive Signs, But Caution Required
2024-12-06

CRYPTOCAP:DOGE  has shown resilience during the recent market decline, holding steady despite the broader downtrend. This is a positive sign of underlying strength.

However, we’ve touched the support band multiple times, which raises the possibility of a liquidity grab below this level before a potential continuation upward. Traders should remain cautious and look for confirmation of a move back above the support after any potential liquidity sweep.

 
Key Observations: 

 
 Support Band: Repeated tests may indicate weakening; watch for a potential break and recovery.
 Liquidity Grab: A dip below support could act as a springboard for the next move higher.
 Confirmation Needed: Wait for price action to reclaim the support level before entering.
 Patience is key here. A liquidity grab could provide an excellent opportunity for long positions if recovery signals are strong.
 

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My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.

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