DOGEUSD ,TP3 hit with 1425540 profit. New Buy Opportunity...DOGECOIN/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line(0.0038), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on reversal candle ( Hammer ) at 03.19.2018 .
Total Profit: 1425540
Closed trade(s): 362740 Profit
Open trade(s): 1062800 Profit
Closed Profit:
TP1 @ 0.0043 touched at 04.13.2018 with 126370 Profit.
TP2 @ 0.0054 touched at 04.18.2018 with 236370 Profit.
126370 + 236370 = 362740
Open Profit:
Profit for one trade is 0.00569330(current price) - 0.00303630(open price) = 265700
4 trade(s) still open, therefore total profit for open trade(s) is 265700 x 4 = 1062800
All SLs -5.94% -5.94% moved to Break-even point.
Take Profits:
TP3= @ 0.0074
TP4= @ 0.0101
TP5= @ 0.0183
TP6= Free
Technical analysis:
DogeCoin/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 72.
