Bitking786

Doge could touch 1$, its still having potential to going to 1$

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
#DOGEUSDT Swing trade


BUY 0.247-0.267
TP 0.3021 / 0.3467 / 0.4111 / 0.4366 / 0.4952 / moonbag
SL 0.2280

Call Reasoning

Doge coin likely completed its 3rd wave here in my chart, it has correction phase and may have to complete 4th wave also and ready for 5th wave around 1.4 to 1.6 dollar but 1st of all it have to hold current support around 0.21 to 0.16 cent area for farther upside move to complete bull cycle. DOGE, the king of the memecoins broke a key resistance level at 0.23. On the retrace it retested that as support, where also the 20 EMA lined up. Now we see a nice push up and momentum moving to the upside as indicated by the Stochastic RSI. The targets above are previous resistance. It has been a while since I typed moonbag in a call, but DOGE might run further than the targets, so it can be profitable to keep a small portion running. As always we try to move stops in to profit during the trade.
  
Play this with a much smaller position size, since DOGE can be very volatile and the SL is quite wide.

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