DOG sell/short setup
Updated
Dogecoin's major structure is bearish. Now the wave that has moved upwards has formed a bear iCH.
So we are looking for sell/short positions in supply ranges.
In the specified supply range, we can look for sell/short positions.
The target can be the range of demand.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
So we are looking for sell/short positions in supply ranges.
In the specified supply range, we can look for sell/short positions.
The target can be the range of demand.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Trade closed: target reached
Due to strong selling pressure, it did not reach the entry range, but our bearish view on DOGE was correct
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