DogecoinLong
Doge: Buying dips until bullish sequence is over
Since the breakout from the $0.14 level, Doge has been on a rip. Right now, we are seeing the first pause on this run. A modest 23% draw down looks to be the reload area. But keep in mind that we have only seen a 3 waves sequence. Until a full 5 waves sequence is complete, there is always a chance of full retracement. So, it is imperative to put a stop loss to keep the capital safe. In the situations like this, it cannot be a risk-free mode. Will need to take some risk. And this case, the risk to get in here is over 35% (but with a significant reward possibility or more that 10:1). The invalidation area is all the down at $0.2. But if things work out and we get a full sequence, stop line can be raised up along with taking some profit at the end of one leg and getting it back during correction will eventually make it fairly risk free until it reaches the Minor wave 1 target, which could be an ATH at about $1.5. Next few weeks will most likely be busy.
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