DOGE USD UPDATE please no So, I know I posted this a while back it gotten all matter of attention probably one of my better performing posts. But here is an update. So we got a small rise which was cool but the breakout we got was not significant (GOOD) enough I don't think to continue a trend upward if this candle closes today Red we can expect a reversal coming in hard, This is a high point for doge in a while and I'm afraid people are starting to take their profits while it's there, I even sold my little $25 position where I manage to double it on this play.
So, this is a sign of caution unless this red candle finishes green on the daily, I am afraid there will be a reversal happening now I could be wrong, but it's likely that it will reverse due to the fundamentals of Trading trends and chart patterns. My strategy is to look for good breakouts and then put in a trade and ride the wave upward that's as simple as it gets. But it did not fulfill step one in this trading strategy and that is having a good breakout meaning one LARGE Green candle stick OR 3 similar sized green candlesticks.
To be honest that RED candle stick on the daily has me shook to the core.
NOT FINANCIAL ADVICE, I AM NOT A FINANCIAL ADVISOR, I AM A REGULAR EVERYDAY GUY WHO IS TRYING TO MAKE IT IN THIS GAME. THIS IS SIMPLY MY OPINION I don't do the whole "smart money", "whales", "FOMO", Etc... Chit chat to me I learned that is just toxic trading and it can be very misleading to people who don't understand. My Goal is to learn and document my findings in a simple way that fellow newcomers can have a simple foundation and grow with me.
I am always open to learning, criticism, and debate feel free to correct me if I am wrong and confirm if you agree. I am not a professional, but I am learning to be a better analyst.