If the next round of bullish trend can be smoothly initiated, I am ready to go all-in on spot $DOGE E. $DOGE is one of the few altcoins in this round that has been continuously moving in a bullish trend over a long cycle, and the candlestick chart looks very attractive.
For large-cap leading altcoins like this, there is no need to worry about a 'head-cutting' style decline when reaching the cycle top, leaving no time to escape the peak. Due to the large market cap, it takes time for the operators to unload their positions, and they usually create double tops or triple tops, providing enough time to assess the top structure and take profits.
I've been wanting to buy in for the past couple of days, but I always feel that we still need a confirmation of a pullback at the daily level. If I can buy in the first yellow box pullback area, the risk-reward ratio would be optimal; if I miss it, it’s not a bad thing either, as a strong breakout afterward will also clarify the initiation of the bullish trend, and there is a high probability that I can buy in the second yellow box area.
Buying around 0.15U offers the best risk-reward ratio, and buying around 0.21 would only be 15% higher than the current price, but the trend would be clearer, which is also a good thing.
【Plan your trades, trade your plan】
【The above is a personal trading plan for reference only】