Is Dogecoin a Lucrative Investment Amidst Market Volatility?
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As you can see on the daily chart, dogecoin is trending downwards in this channel. Buyers seem unable to break above .12800 resistance at the moment.
If price breaks below the support line, I will wait to see how price reacts to the potential buy zone for a long position/dead cat bounce.
If price retests the support line and doesn't break it, I might enter for a scalp to the upside.
If price breaks above the channel and creates a new trend upwards, I will enter long.
