SynergyTradingSetups

DOGE - Long to massive targets

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Doge looks great on the daily. The chart mainly speaks for itself, but the real strength behind this asset is the accumulation that is happening above this key level of inflection that was the ATH in January 2021. We have a first soft target, but the real target is 16c. If it breaks below the stop loss it doesn't mean that we turn bearish on the asset, however we will have to reconsider and find another entry point that could be closer to the 7.5c mark.

Bull flag whatever you see I don't really care, it's accumulation above a key level with seller exhaustion developing. The up move will most likely be fast. on the 4h it's clearer.
Comment:
Stopped out, above 7c we remain bullish long term. We will update with the next opportunity. Lose some - win more.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.