DOGE/USD: Pullback Offers Questions And Opportunity

Technically, traders should ask where the greatest risk reward opportunities exist in the short term. The notion that DOGE/USD has come off early highs and is near short-term resistance could prove attractive for traders who seek buying positions and believe upwards momentum may be embraced. If DOGE/USD sustains its current values near the 20-and-a-half cents ratio or drops a little lower but doesn’t seriously test 20 cents below, now may prove the time to try and catch a wave higher in the cryptocurrency. It is a speculative wager and risk management must be used, but buying DOGE/USD may prove to a worthwhile task short term.

Dogecoin Short-Term Outlook:

  • Current Resistance: 0.20750000
  • Current Support: 0.20250000
  • High Target: 0.21750000
  • Low Target: 0.19750000

(Click on image to enlarge)


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