RoyalOakFI

Prepare for DGD break as BTC faces resistance

Long
RoyalOakFI Updated   
BINANCE:DGDBTC   None
DGD tends to show signs of life everytime BTC faces problems and this chart is quite convincing. A strong candle crossing the TK on 1 hr and a strong support. This is a typical altcoin breakout and the question is only how far it can be taken. I put targets at the 0.618 and 0.5 fib from the short term support. Theres a low risk on this one with a clear stoploss level.

Key levels: 0.034, 0.039.
Stoploss: 0.029


Not trading advice. Good luck!
Trade closed: stop reached:
BTC decided to jump instead :). Low risk fortunately

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.