Here's a quick look at DOGE 6 hr chart. As we can see, the price broke out previously but has now broken back into the falling wedge due to the Bitcoin crash. The price is now in the falling wedge and the idea is to buy when the price breaks back above the falling wedge . The best entry would definitely be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets: - Profits can be taken in the resistance zone 1. 0.262$ 2. 0.304$ 3. 0.319$ 4. 0.339$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!