THIS IS NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH AND MAKE YOUR OWN TRADE DECISIONS. TRADE WITH STOP LOSSES
Here we are again on the peoples coin, DOGE.
After a 1000% rally of gains since mid April is doge about to turn in to dogs breakfast?? 4Hr MACD Lines are crossing and we are hanging on to the bottom edge of the 50 ma on the 1hr chart. Things are looking grim for the peoples coin.
My position is short here and my target is shown. What's yours?
Advice and opinions welcomed :)
ALWAYS - TAKE SOME PROFITS FOR THE BEAR CYCLE :) NEVER - TRADE ON SOMEONE ELSE'S ADVICE. DO YOUR OWN RESEARCH.
Trade safe and happy trading :)
Trade closed: target reached
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Good things come to those who wait.... Id say that's fairly close to hitting the nail on the head right there. Still feel like we may have some downside pressure to come but im back holding. Thoughts?. Bigger time frames paint bigger pictures & the technicals don't lie. Eliminate greed, emotion, social media noise and learn to trust the process and your trading game WILL change. Opinions and advice welcome :) Trade safe
Hey legends thanks for the comments and feedback :) I guess we wait and see how it all plays out. I'll be looking for entry around 0.45 , keeping a close eye
TMR-Trading
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Well... Doge made my trading skills look like ahhh... dog shit!
Sirsiu
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That's very hopeful... There is no way it will dip that low for more people to buy in.
I want to say that it will touch 0.55 once more before going up.
Sirsiu
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@Sirsiu, but I will certainly wait to see if it does follow the channel you created.
westside1m
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Previous correction when it went up to .41 came down to .25 nearly a 40% correction. With a new high of .68 a 40% correction would bring it back down to 41. I think it very very easily could come to 40. But I’m more looking to buy in 45-52 as to not be greedy.
Sirsiu
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@westside1m, That's a good way to look at it; I wonder if history will really repeat itself in that exact manner for the corrections. I can see a sell off happening on May 8th which could drop to 0.40 and be the catalyst to push DOGE up to $1+.
What do you think?
TMR-Trading
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@Sirsiu, @westside1m, Close enough for me i think. I'm now long. Thanks for the comments
ninwibeogo
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Nice work though :)
ninwibeogo
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I will draw my support differently in order to have more validations. This support has two touches. If you take the other deeps in consideration you will be close to the probability support zone. Which in my opinion is higher than yours.
westside1m
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@ninwibeogo I agree the support is to low but doge. No doubt in need of a correction