DOGE: how to open a trade with a WHALE? Volume+TA!
Dogecoin (DOGE) is not going to lose its popularity. Each asset has its own behavior, which depends on the traders who trade it. What does not work at the cryptocurrency market, works at FOREX or stock market, and vice versa.
The peculiarity of DOGE is a large number of retail traders, who trade it. Retail traders place stop-losses as described in the book, not in practice. This is what the big players (WHALES) use to open their trades.
In the last idea we marked the support zones. The price rebounded by 12% from the first zone of $0.132-0.137.
How to open a deal with the WHALE using volume and technical analysis(TA)?
1. mark a key level. In our case it was the level of $0.133
2. wait for volume growth when the price test this level
This is easier than it may seem, but the liquidity collection/false breakout strategy is very simple. If you want to know more about it write in the comments!
The price is now squeezing under the trend line. This is a bullish signal, but local manipulation is also possible.
Key levels and targets:
1. $0,145
2. $0,158
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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