MoveFX

MORE SELLOFF IN DOGECOIN?

Corto
Dogecoin sold off and all other leading crypto assets sold off as well.
Binance opt-out from the business transaction to acquire FTX. FTX dropped in a matter of days and has started chapter 11 bankruptcy proceedings.
At the above timeframe(DOGECOIN) we could price made a bullish retracement to $0.092 price continued to sell off.
If we later see sellers advancing beneath major lows of $0.072, this will lead to high plunges in Dogecoin and other major crypto assets, I would look further to short Dogecoin.
The value of the overall crypto sector plummeted 12% to $911 billion according to CoinMarket Cap.

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