Hi friends hope you are well and welcome to the new update on Dogecoin
On the 2-hour time frame chart, the priceline of Doge has completed the formation of a bullish Cypher pattern and entered the buying zone. On breaking down EMA 21 the pattern will be confirmed.
Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Buy between: $0.05442 to $0.05207
Sell between: $0.05627 to $0.06072
Stop loss:
The maximum extent of potential reversal zone $0.05207 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 16.5%, and the loss possibility is 4.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the 2-hour time frame chart, the priceline of Doge has completed the formation of a bullish Cypher pattern and entered the buying zone. On breaking down EMA 21 the pattern will be confirmed.
Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Buy between: $0.05442 to $0.05207
Sell between: $0.05627 to $0.06072
Stop loss:
The maximum extent of potential reversal zone $0.05207 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 16.5%, and the loss possibility is 4.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.