🔥 DOGE/USDT Short Term Channel idea
Updated
After yesterday's amazing run-up, DOGE is consolidating in a range which extends from roughly $0.43 to $0.54. After the recent touch of the bottom support of the channel, DOGE has been producing higher highs and lower lows, indicating a short term trend change.
If you decide to trade this pair, keep in mind that DOGE is one of the most volatile crypto's of the last couple of weeks. Always use a stop loss and limit your exposure.
A great potential exit would be the top of the channel. If volume keeps flowing in and bars become larger you could potentially stretch the trade till the $0.60 area, any further than that would be risky.
Happy trading!
If you decide to trade this pair, keep in mind that DOGE is one of the most volatile crypto's of the last couple of weeks. Always use a stop loss and limit your exposure.
A great potential exit would be the top of the channel. If volume keeps flowing in and bars become larger you could potentially stretch the trade till the $0.60 area, any further than that would be risky.
Happy trading!
Note
I missed a zero on the targets.Range: 0.043 - 0.054
Potential target: 0.06
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.