🔥 DOGE Potential Reversal From Double Support

11 May 2021

DOGE has seen a strong bearish correction after the much awaited appearance of Elon at SNL . Typical buy the rumor & sell the news.

DOGE appears to have found support at the support line of the channel, which is the same area as the previous sell-off low and the March highs. The fact that this reversal is placed at a double support area could potentially make this reversal stronger than the previous.

Be aware that this bullish reversal is highly correlated to the performance of BTC . If BTC were to fall, it takes down the whole market. Wait for proper confirmation of DOGE before going long.

Happy trading!