$DOGE
$DOGECOIN. SHORT BUY
The Power of Technical analysis .
What’s Happening?
↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️
↗️↗️↗️↗️↗️↗️↗️
Let's take a look at $Dogecoin. In the daily time frame, price formed a bullish flag. At the support there was a strong rejection which indicates buying pressure. If price manages to bounce at the level 0.262 and form another rejection candle, then it will become a strong buying point.
This in short indicates a short buy.
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🪂 What’s Next?
BUY ZONE: Look for an entry around the point 0.262. WHEN the price makes a retest at that point, it will be a solid buying point .
Target: Keep an eye on 0.335 as a potential first TP level. Then your second tp will be at 0.364.
Stop Loss: Protect yourself with a stop loss around 0.237. This will limit losses if the market moves against your position.
❗Warning: To avoid loss of funds, if price breaks the mentioned level, wait for it to return to the level to comfirm the buy.
➡️ Why It Matters: Here is a chance to gain a few $$$ on a short trade.
NOTE: The market is volatile, so make sure you enter, at the right point, and make sure your account is enough to handle any of the floating loss.
✨ BE ALERT and TRADE SMART, PRACTICE PROPER RISK MANAGEMENT.
#Dogecoin
