DOGE breaks out of triangle!
Hello Traders,
We see here DOGE coin on the 2 hour chart. DOGE has broken out on high volume from a triangle and the following targets are now in view.
Target 1 0.73
Target 2 0.79
Target 3 0.86
---> Wait for a confirmaton back to the upper trend trendline of the triangle!
The breakout just happened on high volume so continuation seems logical. According to the measurement of the triangle we come out at 0.86 as a target.
Always place stops and use the 1% rule of money management. Do not risk more than 1% on each trade. This way you will be able to continue trading next year as well!
Scaling out to secure profits is another good method to consider. Less profit but also less risk!
This is my personal view and not investment advice. Always do your own research before trading and apply stops and money management.
Happy trading!
We see here DOGE coin on the 2 hour chart. DOGE has broken out on high volume from a triangle and the following targets are now in view.
Target 1 0.73
Target 2 0.79
Target 3 0.86
---> Wait for a confirmaton back to the upper trend trendline of the triangle!
The breakout just happened on high volume so continuation seems logical. According to the measurement of the triangle we come out at 0.86 as a target.
Always place stops and use the 1% rule of money management. Do not risk more than 1% on each trade. This way you will be able to continue trading next year as well!
Scaling out to secure profits is another good method to consider. Less profit but also less risk!
This is my personal view and not investment advice. Always do your own research before trading and apply stops and money management.
Happy trading!
Trade active:
Looking very bullish here
Comment:
But we first RE-TESTED the triangle!
Comment:
Wish you a good flight!
