Hey dear patrons, hope you are well and welcome to the new update on Dogecoin.
Previously we had a very nice trade of Doge:
Now on 1-hour chart, the price action of the Doge has completed the final leg of bullish BAT. There is also strong support of 100 simple moving average in buying zone.
Buying and sell targets:
Buy between: $0.3568 to $0.3484
Sell between: $0.3770 to $0.4073
Stop loss:
The maximum extent of buying zone can be used as stop loss, that is: $0.3484, preferably 100 SMA can also be used.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 16.5% and the loss possibility is 3%.
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
Previously we had a very nice trade of Doge:
Now on 1-hour chart, the price action of the Doge has completed the final leg of bullish BAT. There is also strong support of 100 simple moving average in buying zone.
Buying and sell targets:
Buy between: $0.3568 to $0.3484
Sell between: $0.3770 to $0.4073
Stop loss:
The maximum extent of buying zone can be used as stop loss, that is: $0.3484, preferably 100 SMA can also be used.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 16.5% and the loss possibility is 3%.
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