EthanTW

DOGEUSDT - After SHIB...Next one is DOGE?

Long
BYBIT:DOGEUSDT   DOGEUSDT Perpetual Contract
BYBIT:DOGEUSDT
4H trend chart
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We know SHIBA has an amazing surge recently.
In the meantime, DOGE is approaching to the end of a long-term triangle.
Also, a uptrend line in this triangle is supporting price.
So, if price can break out the downtrend line and stand firm at $0.2734(Fib_0.5)
our trading strategy as below.
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Profit Targets:
a) 0.3529----Fib(1)
b) 0.3961~0.4106---Fib(1.272~1.382)
c) 0.4511-----Fib(1.618)

Stop losses:
a) 0.2330-----(Red horizontal ray)
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