Doge pump is ridicilous and what happens after pump we have dump simple as that, its risky trade but potential reward is great especially on futures just with 1000margin profit can be astronomical 20 or 30K possible SL can be tight around 0.35 so loss could be around 800USD but profit is way more
we need to see price action ideally price should come quickly in short time fram to this level then is higher chance for bounce back.
if price come near this level consolidate near for some time then risk is much greater that ican blast through these levels like nothing and in that case I wouldnt enter
Chart is little bit difficult because there were many pumps and dumps I try from weekly chart and I came to 0.31 level and from shorter time frame I came to 0.32 level so these are tight together so I think we have good ods.
How does it work, with fib extension we can try to predict how far price goes in price discovery mode when price is above previous highs
we connect swing low with swing high and also after swing high correction point in this chart there could be some other options but I came to these levels no matter how I draw 0.307 0.31 0.32 0.3 is also round number so if you ready to see some time position in red you can try also from 0.3 and SL above these levels for example 0.33
TP 0.21 0.16 0.11 0.08
Again risky trade but risk is managed tightly and this example was just example with possition size you can open with 100 margin 5X and then you dont loose too much
we need to see price action ideally price should come quickly in short time fram to this level then is higher chance for bounce back.
if price come near this level consolidate near for some time then risk is much greater that ican blast through these levels like nothing and in that case I wouldnt enter
Chart is little bit difficult because there were many pumps and dumps I try from weekly chart and I came to 0.31 level and from shorter time frame I came to 0.32 level so these are tight together so I think we have good ods.
How does it work, with fib extension we can try to predict how far price goes in price discovery mode when price is above previous highs
we connect swing low with swing high and also after swing high correction point in this chart there could be some other options but I came to these levels no matter how I draw 0.307 0.31 0.32 0.3 is also round number so if you ready to see some time position in red you can try also from 0.3 and SL above these levels for example 0.33
TP 0.21 0.16 0.11 0.08
Again risky trade but risk is managed tightly and this example was just example with possition size you can open with 100 margin 5X and then you dont loose too much