Has DOGSUSDT Finally Set the Stage for a Bullish Breakout?

Nov 20

Yello, Paradisers! DOGSUSDT is showing some exciting signs of a potential bullish reversal, catching the attention of seasoned traders. But is it ready to deliver a strong move, or are we still waiting for more confirmation? Let’s dive in.

💎DOGSUSDT has broken out of a key resistance trendline, displayed a bullish Change of Character (CHoCH), and formed the classic cup-and-handle pattern—a combination that significantly increases the odds of an upward move.

💎A breakout and candle close above the resistance zone will validate the pattern and signal a higher probability of a bullish rally. But don’t stop there—watch BTC’s price action closely. DOGSUSDT’s potential depends heavily on BTC aligning with its bullish momentum. If BTC confirms, DOGSUSDT could deliver a significant move.

💎In case of a pullback, we could see a potential double-bottom pattern forming. The handle’s low in the cup-and-handle pattern might act as inducement in this scenario, but for a higher probability setup, wait for a bullish internal CHoCH (I-CHoCH) to confirm the reversal.

💎On the flip side, a breakdown and candle close below the support zone will invalidate this bullish setup. In that case, it’s smarter to step back and wait for more favorable price action to develop.

Trade smart, Paradisers. Always have a plan for both sides of the market, and keep mastering your willpower—this alone sets you apart from most traders. 💪

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