jaesik87

To the moon, consolidation or dump?

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
A risky long for the breakout of the consolidation triangle but the volume seems to still be there for some potential growth at least while BTC bounces from 55-58k. IMO the best line of action is for a tight trailing stop of the 10EMA on the 15m timeframe.
Risks:
1. Highly priced
2. Buy volume may potentially decrease
3. A violent dump may occur at any levels.

But
1. The trend is your friend
2. What goes up will go higher.

Buy at your own risk.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.