DOGE - Oversold - Small bounce possible

On the DOGEUSD chart (1h timeframe), we can see the price is currently oversold. The price is reaching a support area. Once the price has entered the support area it's likely for the price to bounce back up.

All three indicators used are Bollinger Bands, RSI, and Stochastic. All three indicators confirm the oversold condition.

All further details are shown on the chart.

Good luck!

Trade ist aktiv:

Entry reached

Trade geschlossen: Stop wurde erreicht:

stop loss hit. No demand.