Doge had an E2E trade play out and now appears to be breaking out of the Daily MA cloud and moving up. I have opened op a few positions at the breakout and have stops tight in the MA cloud.
Trade active:
Positions opened.
Trade active:
For a possible first target before a correction, I am looking at the weekly FAMA of ~48 sat.
Trade closed manually:
Closing Doge for -15% due to loss of 4H momentum and close under 30M MA cloud. I will be watching for reentry.
Comment:
Doge is still looking bearish at the moment. The daily close and high momentum move below the cloud is an indication price will continue lower. I will be waiting for price to come back near the red MAMA area before looking to enter long positions.
Trade active:
Opening up some positions on Doge with the break out on the daily MA cloud.
Trade active:
Ichimoku cloud update. Doge is currently in an e2e play and TK-lines have crossed in the daily cloud indicating a medium strength bullish signal. I will expect price to pierce the top of the cloud and retrace back down to the flat Kumo level ~35 sats before making new highs.
Trade closed: target reached:
+40% closing out some positions since we made it out of the cloud and letting the rest ride.
Trade closed: target reached:
+60% closing out some positions since we made it out of the cloud and letting the rest run.
Comment:
Comment:
One main reason for the close was due to the price action on the daily candle. Statistically 95% of the time a bar will create a wick on the open end.
I will be watching for good momentum on the 4H candle before opening up positions.