Dogecoin buy-Inverted head and shoulder formingHappy new year guys,I wish this year we all can fulfill our dreams of becoming successful traders.
So Here is another trades for you.Dogecoin is making a bull setup with a inverted head and shoulder pattern in 1h time frame.There is a strong resistance zone in the neckline of the pattern(0.07091-0.07158 level) which dogecoin is trying to break.A breakout candle is already seen in the chart but because of the strong resistance it can reject another 2-3 times.If it breaks,a buy trade can be initiated from here.It may take a retest after reaching the first resistance level(0.07448).
So keep an eye on this trade.You may have hold the trade for 1-2 days.Happy trading.
