AN HOURLY CANDLE ANALYSIS FOR DOGE/USDT
1. Price held the 0.2900 key support level.
2. Price is now consolidating in the form
of a bullish triangle pattern.
3. I"m expecting the price to break through
the 0.3000 key resistance level.
I'll be waiting for the break in the resistance area
and a retest on the support level
or I could enter on the breakout
TP: 0.3140
SL:0.2943
2. Price is now consolidating in the form
of a bullish triangle pattern.
3. I"m expecting the price to break through
the 0.3000 key resistance level.
I'll be waiting for the break in the resistance area
and a retest on the support level
or I could enter on the breakout
TP: 0.3140
SL:0.2943
Trade active:
In my previous analysis, Doge made a rebound in our buy side liquidity level.
we made sure that the price would break-out and make a retest to avoid a fake-out
or bullish trap. we checked the lower tf which is 15mins when the retest was happening and we entered on the trendline retest at 0.3003 key area.
I'll leave this trade until it hits my tp at the major resistance key level 0.3141
we made sure that the price would break-out and make a retest to avoid a fake-out
or bullish trap. we checked the lower tf which is 15mins when the retest was happening and we entered on the trendline retest at 0.3003 key area.
I'll leave this trade until it hits my tp at the major resistance key level 0.3141