Is it asking too much for DOGE to return to near ATH? Ask BTC.
I'm sharing this swing trade I'm taking into the weekend, but it's VERY aggressive.
The reason I'm calling this very aggressive is that I'm seeing a broad Wave 4 in BTCUSD, and with that, we're faced with fake-outs and false starts all over -- possibly for a few weeks to a few months (who knows?). But if BTC makes a run to 40k and we see a break into the mid-40s over the next few days, I'm expecting alts to follow with a bit of a run. BTC may still be good for swing trade long after the pinbar on 09 June.
What I like about DOGE now is the herd seems to be elsewhere, and I like it when coins are a bit out of trend and under the radar. I want to be in the trade before any noise comes around.
These levels I'm sharing are 100% contingent on BTC making a bit of run sometime over the next few days. To be honest, I'm not expecting BTC to hit ATHs, but if we do see 40K trade I'd expect this DOGEUSD trade to be in play.
Hope everyone has a good weekend! Thanks for reading -- and please, risk no more than 1% on any trade. If you don't understand how to calculate that -- comment below so we can help :)
Idea:
DOGEUSD
Buy Stop: 0.335
Stop Loss: 0.285
Target 1: 0.42
Target 2: 0.54
Target 3: 0.68
The reason I'm calling this very aggressive is that I'm seeing a broad Wave 4 in BTCUSD, and with that, we're faced with fake-outs and false starts all over -- possibly for a few weeks to a few months (who knows?). But if BTC makes a run to 40k and we see a break into the mid-40s over the next few days, I'm expecting alts to follow with a bit of a run. BTC may still be good for swing trade long after the pinbar on 09 June.
What I like about DOGE now is the herd seems to be elsewhere, and I like it when coins are a bit out of trend and under the radar. I want to be in the trade before any noise comes around.
These levels I'm sharing are 100% contingent on BTC making a bit of run sometime over the next few days. To be honest, I'm not expecting BTC to hit ATHs, but if we do see 40K trade I'd expect this DOGEUSD trade to be in play.
Hope everyone has a good weekend! Thanks for reading -- and please, risk no more than 1% on any trade. If you don't understand how to calculate that -- comment below so we can help :)
Idea:
DOGEUSD
Buy Stop: 0.335
Stop Loss: 0.285
Target 1: 0.42
Target 2: 0.54
Target 3: 0.68
Comment:
Beginning to see BTC put on a small rally. Really want to see BTCUSD close above 40k (on the daily) to tap us into this trade. The Buy Stop has yet to trigger after a couple days here, but we'll see what BTC decides to do...
Trade active:
Trade has tapped us in congruent with BTCUSD's push upwards
Trade closed: stop reached:
BTC not cooperating. Stopped out.