🚨 IMMEDIATE WARNING: Avoid $DOGE 🚨
This is a public service announcement: Please be extremely cautious with $DOGE. The chart is screaming danger, suggesting significant downside is imminent. We are analyzing the weekly timeframe, which confirms a major, long-term bearish shift.
The chart clearly shows a textbook Head & Shoulders (H&S) pattern that has now confirmed. Crucially, the long-standing Support Trendline (the neckline of the H&S) has been definitively broken to the downside. The price is currently engaged in a potential bearish retest of this broken support, which is now acting as strong resistance around the $0.14 level.
The Risk: If this retest fails, the measured move target for this breakdown is indicated around $0.05311. There is virtually no substantial support between the current price and this target, meaning rapid capitulation is highly likely upon rejection.
Entering a position here is incredibly risky and purely speculative. I strongly advise staying on the sidelines and preserving your capital. Don't let cheap prices fool you; structure precedes price.
Are you holding any coins with similar ugly charts? Share in the comments so we can all be aware!
#DOGE #CryptoWarning #Shitcoin #dump #RiskManagement #BinanceSquare
