Dogecoin - 4h Chart - Long Scenario
Looking to take a long if price should move as drawn (green arrow)
1. Price goes above Resistance level (green line)
2. Buying on a retest of the green line
3. Wont close unless Trendline (orange) or green line get broken and a lower low created
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
1. Price goes above Resistance level (green line)
2. Buying on a retest of the green line
3. Wont close unless Trendline (orange) or green line get broken and a lower low created
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
Comment:
Scenario didnt develop - no trade. Idea closed.
Two targets:
Target 1 is the last Swing High
Target 2 is based on a big weekly supply level
Will close 50% on each target.