Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1
DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue.
🏹 For the bulls to take over short-term, we need a break above the last major high from H4 highlighted in orange.
🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.
📉 If we break below 0.075, we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1
DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue.
🏹 For the bulls to take over short-term, we need a break above the last major high from H4 highlighted in orange.
🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.
📉 If we break below 0.075, we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.