A crypto analyst has outlined his sell-off strategy for Dogecoin based on Fibonacci levels.
If Dogecoin rises to the 0.702 or 0.786 Fibonacci levels and fails to break above, the analyst would sell the majority of his holdings.
The analyst predicts that if Dogecoin breaks through the resistance at the 0.702 Fib level, it could regain bullish momentum and aim for higher Fibonacci levels.
However, the loss of the Golden Pocket around the 0.618-0.65 Fib levels weakens Dogecoin's bullish outlook, according to the analyst.