Dogecoin Chart Analysis: Inverse Head and Shoulders Pattern Signals Potential 30%+ Price Surge

This move carries high risk due to conflicting ideas about Bitcoin potentially experiencing a significant downward movement. However, the chart shows an inverse head and shoulders pattern forming, indicating a breakout is underway. Sustained pricing above the trendline could lead to a test of upper resistance levels. I anticipate this movement to occur within the next few days. If the scenario doesn't materialize by Sunday, I may consider closing my long position. Excited to see how this unfolds.

I am closing this trade manually as I believe there is a higher probability of the price decreasing rather than increasing, and I want to avoid being exposed to potential losses.

As long as Dogecoin can maintain its support above $0.158, there is potential for this upward price movement to gain momentum.

Lost that level, unfortunately.