DOGE/USD is currently in a consolidating phase, suggesting accumulation of liquidity for a potential move to the upside. This phase indicates smart money positioning before a breakout. If price wicks below the previous low, it likely reflects a liquidity sweep a high-probability signal for a strong buy. A bullish engulfing candle following this move would confirm bullish intent. In such a scenario, consider taking partial profits at 50%, while also adding to the position on confirmed strength.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.