DOGEcoin🐕 is getting ready to break up this triangle, and if successful I think there is chance for run to 0.517 and even higher.🦴
- ENTRY: local high @ 0.331
- SL: local low @ 0.280
- TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 0.517
- RRR: 3.65
- INVALIDATION: when SL level hit
Trade active:
Order filled, DOGE is running! 🐕🏃♂️
Trade closed: stop reached:
💥BOOM💥 ... and I'm out
Let's see if there is bigger triangle in the play.
Let's see if there is bigger triangle in the play.
Comment:
It seems that the bigger triangle could really be in the making, and actually the SL level could be the 2nd low of triangle. So I will re-enter @0.281, exactly where I got stopped (SL). New SL @ 0.268, really tight stop, low risk, I will give it a shot. TP will be updated later, once the trade is validated.
Comment:
This is what I'm talking about and how it could look like...
Trade active:
I'm in with tight stop. Small speculative size, low risk.
Trade closed: stop reached:
SL hit and I'm out. No big deal.
