DOGE/USD - Rebound day - risky trade - April 19, 2021

Long

Dogecoin / TetherUS (BINANCE:DOGEUSDT)

BINANCE:DOGEUSDT Dogecoin / TetherUS

supportandresistance fibonacci trendline

Doge seems to be rebounded from the "big dip" yesterday quite well and it is already trading at the levels of last week. Not a lot of volume coming through, but I believe we will pierce the resistance at around USD 0.37 still today. This is my trade:

Entry: 0.3800511
TP: 0.4497897
SL: 0.3569056
Risk/reward: 3:1

Disclaimer: I am a beginner learning how to trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.