DOGE | Bearish Retest
2024-12-26
Category: None

DOGE looks weak, like most other meme coins do. It's currently retesting the former trading range from below, which is a bearish signal. It might pull up first and then go down, or go straight down, but I think the direction is down. The exact target of the short is hard to determine as it went up so fast and there isn't a lot of structure in the chart. I would use a trailing stop once in profit.