DOGE/USD is in wave 3 of an impulse structure, indicating a bullish trend. Previous wave (2) was completed with a Zigzag correction. A target of 0.22363 is set for the upcoming retracement.
Swing traders are advised to monitor for opportunities to book partial profits near 0.22363 as wave 5 approaches completion. Signs of divergence or weakening momentum may prompt a shift to wave (4).
The bullish trend for DOGE/USD will be invalidated if the price drops below 0.18000, signaling a potential reversal.
Leave a Reply