Apr 10, 2023 2 min read

$DOGE - Exploding after local bottom call

Figure 1: $DOGE - USDT futures x26 leverage long position after local bottom has been formed. Trade ongoing. Disclaimer: Trading Cryptocurrency leveraged derivates is highly risky and can result in a complete loss of fortune. Not financial advice!

Together with many other Altcoins and Bitcoin, Dogecoin exploded to the upside after a local bottom was formed between $0.0800 and $0.0820 as we pointed out in our latest issue of our newsletter:

**Figure 2:** Excerpt from our latest Newsletter issue (published 6 April 2023)

Our own long position with 26x leverage has reached +100% within 2 days (see Figure 1)!

What's next?

It will of course all depend on Bitcoin and the Altcoin market cap. But with the latest breakout attempt, we are getting closer to breaking through that resistance level of 29.2k for Bitcoin (Figure 3).

Figure 3: Bitcoin 1h Chart - another promising breakout attempt. Will we reach 30k with this run?

With this, $DOGE will also be one of the coins to climb higher. We take some profits here and let the rest of the position untouched.

Figure 4: $DOGE setup and possible scenario.

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Disclaimer: We may have beneficial long & short positions in any coin presented here. The posts here express our own opinions regarding trades. It’s no investment advice. We are not receiving compensation for it. All chart and prediction models are our own work and we believe they may help to better understand future price movements, however, those are just models which may be influenced by external factors and may not become true. Investing in the cryptocurrencies presented here is risky and may and in a complete loss of fortune.