TradingView
bizmark
Mar 14, 2021 1:34 AM

DOGE quickie Long

Dogecoin / TetherUSBinance

Description

Quick trade. IMHO this buy zone should hold and support the price. "TP1" is from the original trade (see related idea), but in this extra new trade I will take profit @"TP" 0.0634. RRR 3.7-6.1 (depends on entry anywhere inside buy zone). Hopefully it will dip one more time...

Trade active

Spiked to buy zone finally, where buyers stepped in aggressively. Good sign.

Trade closed: stop reached

Well, the buy zone didn't held in the end. You can see that there were less and less buyers each time the price dipped into the zone, as it did lower highs. Once no buyers left, DOGE plummeted to a trendline from the other trade (related idea), where it find support.
Comments
More