hauteville

Dogecoin Recovers from Rapid Sell-Off

Short
BITTREX:DOGEUSD   Dogecoin
Dogecoin fell sharply through the Lower Bollinger Band on the 1-Day chart. When this happens on the 1-Day chart, a short position can be closed for profit-taking since there has been a too rapid sell-off.

Now that Dogecoin has created a new bull-trap, a new short position can be created for the deeper ride down.
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.