For DOGEUSD here we may have possible reversal sentiment. The Elon Musk effect may have run its course for now as multiple rejects on the resistance line with no successful push through. We also have overbought levels on the RSI and the upper Bollinger Band. For this short, the Stop Loss is placed above the upper band and patience is key. Waiting for the confirmation candle to close below that upper band fully is key.
Trade is active and highlighted by the short position graphic. Profit set above the next support line as well as the 200 EMA for good measure is also noted.
Trade is active and highlighted by the short position graphic. Profit set above the next support line as well as the 200 EMA for good measure is also noted.
Trade active
Trade closed: target reached:
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