Dogecoin is currently trading in a downtrend, and traders should not hope for an immediate rebound. The price is likely to fall to 0.2000 (major support) at least one more time before it starts consolidating.
Traders should only consider going long once there are clear indications that the price is ready to strengthen above this critical threshold. Those would involve consolidation of the kind represented on the chart - the establishment of higher lows.
Traders should only consider going long once there are clear indications that the price is ready to strengthen above this critical threshold. Those would involve consolidation of the kind represented on the chart - the establishment of higher lows.
