Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
DOGE is sitting around a support zone (0.07) in blue so we will be looking for buy setups.
Unless the blue support is broken downward, then a movement till the green demand zone (0.06) would be expected.
on H4: Right Chart
DOGE formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, DOGE can still trade lower inside the blue support zone, or even breaks it downward to test the green demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
DOGE is sitting around a support zone (0.07) in blue so we will be looking for buy setups.
Unless the blue support is broken downward, then a movement till the green demand zone (0.06) would be expected.
on H4: Right Chart
DOGE formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, DOGE can still trade lower inside the blue support zone, or even breaks it downward to test the green demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal