DOGEcoin🐕 is getting ready to break up this triangle, and if successful I think there is chance for run to 0.517 and even higher.🦴
Like👍 & Enjoy🍿!
- ENTRY: local high @ 0.331
- SL: local low @ 0.280
- TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 0.517
- RRR: 3.65
- INVALIDATION: when SL level hit
Like👍 & Enjoy🍿!
Trade active
Order filled, DOGE is running! 🐕🏃♂️Trade closed: stop reached
💥BOOM💥 ... and I'm outLet's see if there is bigger triangle in the play.
Note
It seems that the bigger triangle could really be in the making, and actually the SL level could be the 2nd low of triangle. So I will re-enter @0.281, exactly where I got stopped (SL). New SL @ 0.268, really tight stop, low risk, I will give it a shot. TP will be updated later, once the trade is validated.Note
This is what I'm talking about and how it could look like...Trade active
I'm in with tight stop. Small speculative size, low risk.Trade closed: stop reached
SL hit and I'm out. No big deal.
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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.