Dogecoin / Tether

Long

DOGE - Hourly vs Daily

Updated

Daily Chart - Bullish Sentiment

Broken resistance
Broken declining pivot high trendline
Bullish Gartley pattern setup - but already have run up to target 1

https://www.tradingview.com/x/dNddBuxs/

Hourly Chart - Mildly bearish sentiment

Seems to be rejecting under horizontal resistance
High volume on previous extreme candle - may signify temporary exhaustion
Bearish Harmonic Patterns in play
Support ahead from both trend lines and horizontal support level.

https://www.tradingview.com/x/9qBTkGLt/

Trading plan
Short position followed by long position as shown in the chart below.

https://www.tradingview.com/x/GyVsruFi/

You can skip short position and just place a limit order for retest.

Plan B - if short position hits stoploss

https://www.tradingview.com/x/F2w3iPjB/

Note

Plan A failed. Switch to plan B, long position with stoploss set to 0.1685. Will revise as and when it makes new higher lows.

Trade closed: stop reached

Note

Looking back, it was was really good plan. Only mistake was setting stoploss too tight - specially for short trade.

Will refine this further :)

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