Chart posted 6-1-2021 5:19PM CT. Been watching DOGE. Got in around.312.. and been watching it, but we see a very hard bullish pattern forming and it has not let up. There are other indicators such as GANN fan that has also given reason for this to rise. We have also just checked up on a major resistance point. I am targeting 1 dollar for DOGE. I also think this will be short lived, but we are here for profits. There will be a correction, but the target is the long term hold for me. CHEERS. Very early call here.
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Entered in 0.312 DOGEUSDT - My BUY began before this chart was posted.
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I am not one to follow news. My TA is strictly TA. I dont follow news, but an associate on IG stated Coinbase (COIN) is set to add DOGE in next 6-8 weeks. This too can play into the technicals.. but for me I stick to the TA, but I am sharing this as it may give some ppl insight to the price movement speculation.
DOGE not showing the best price action, but I am not favoring an exit position just yet...especially if there is a bounce at .31 to .28 - this is an area f historical support
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Looks like we got the bounce- as expected. Lets see if this can push us back up where we need to be.
can you suggest an entry point? RSI is 80 in almost all time frames it's going to go down but what's the major support?
Moorsc0de
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@dhruvil187prajapati, I dont use indicators. I use a different process and so its very hard for me to give people entries. I have supplied my entry in the comments. Id only suggest to enter where you feel comfortable and set stops if that is a concern. I dont use stops either.. so its very hard for me to make recommendations to people. I can only suggest people enter and get out where they feel comfy.