DOGEUSDT Bearish Trend can Continue

Chart is simple. The uptrend trend line is broken. So now we are in a Side trend. Price broke the first support and it's near the second. Base on a little rise in volume we can say price can bounce from this support but because volume didn't rise much, down trend can continue. So there going to be a pullback to the broken support.
Notice that if BTC get rejected again from it's nearest resistance 56-55K, there is a possibility that Doge break it's support without any pullback.

Trade fechado: objetivo atingido:

As you can see target is reached. But support doesn't look strong.

Comentário:

Some bounces from 1st strong support and upper resistance is possible but still no convincing volume. So there is a possibility for reaching the 2nd support. Last hope line is the last zone that price can return.
Going long on the 1st support is risky. I suggest you to think about going short on upper resistance.