Dogecoin - False breakout in play?
This is an update to my previous post about Doge.
Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin.
Price have printed a turtle soup at the recent high after a good run to the upside.
Price have broken out of the pattern and now retested.
I am now short based on the retest with a SL of 0.4360
I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin.
Price have printed a turtle soup at the recent high after a good run to the upside.
Price have broken out of the pattern and now retested.
I am now short based on the retest with a SL of 0.4360
I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Trade ativo
Taking partial profit here at 0.35Nota
Price is consolidating, and we could see some movement when the volume returns in a few days.
Happy new year.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.