Dogecoin has consolidated after testing the 50% fib retracement. Now it is looking bullish. It has a daily squeeze setting up (red dots) and I'm looking for it to fire (turn green) which would mean a breakout from the consolidation phase.
Trade setup:
Buy at $0.051
Stop loss: $0.038
PT1: $0.085 (prior high, sell 1/4 of position)
PT 2: $0.10 (1.272 extension, sell second 1/4 of position)
Move stop loss above $0.60 and HODL the remainder for $1.00 ;P
Trade setup:
Buy at $0.051
Stop loss: $0.038
PT1: $0.085 (prior high, sell 1/4 of position)
PT 2: $0.10 (1.272 extension, sell second 1/4 of position)
Move stop loss above $0.60 and HODL the remainder for $1.00 ;P