Doge is failing to retest the $0.1075 level and has instead meandered sideways in the $0.9500 range. Are we in a position to short here? Long? Or simply wait on the sidelines?
How do we trade this? 🤔
We need to wait. We are still in a bull channel which means our bias ought to be long, but we have several datapoints that counter that bias.
1. Three pushes up,...
A Long trade opportunity for Dogecoin, that I will be taking.
I would enter a long position once:
- An Hour candle closes above 0.2795 / 0.28, - And when the EMA Ribbon Flips green.
I would set a stop loss between 0.2675 and 0.263 (depending on your risk tolerance).
The maximum upside: 35% without leverage
The Maximum Downside: 4-6% without leverage
I would...
