DOGEUSD.P trade ideas
Dogecoin (DOGEUSD) on the verge of Important Breakout at 0.28670Decisive Point 0.28670 ,
if breakout with volumes and stabilized above purple zone
1st Target 0.38218
2nd Target 0.44856
The long and (the) short of this recent Crypto Crash
As I mentioned in my Multi Year Analysis, I am Bullish for Cryptos Segment for coming 3-5 Years, My Long Stop loss for BTCUSD is 15K-19K on an average till then nothing can harm cryptos no matter what.
Buying the Dips is the best strategy now and lot of our clients bought BTC, DOGECOIN, LITECOIN, Ethereum in this recent downfall, this is the best opportunity, shouldn't be missed at any cost.
With great risk often comes great reward. There are failures, setbacks and even complete start-over's along the way, but if you don't risk something, you'll never gain anything. Take a chance and see what rewards might come out of that courageous decision.
But take a planned, informed and calculated risk, not a blind move if you are new.
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💡Don't miss the great buy opportunity in DOGEUSD @dogecoin Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.22820).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 0.29290
TP2= @ 0.33700
TP3= @ 0.39400
TP4= @ 0.44310
TP5= @ 0.52570
SL= Break below S2
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DOGECOIN can be accumulated for LongTrendline shows DOGECOIN has hit the support now and expecting a reversal from here. Looking good for short term returns and if it breaks the trendline we can see a good breakout in the upcoming days.
Those who are holding it can average it to see good amount of profit.
Good time to buy dogecoin Isn't life ironic? The currency that everyone hates for some unknown reason is one of the few whose moving average structure has not been significantly disrupted after this period of declines. The previous rise has been so high that this fall represents a smaller percentage with respect to the rise, with respect to the other currencies.
You can also see little volume, which indicates that dogecoin is not popular at the moment, and that precisely means that it is the best time to buy. When for some twit dogecoin regains its popularity and the price rises, it will no longer be so profitable, however it will be precisely the moment where all people buy, and elon musk, mark cuban and jordan belfort will be selling those contracts to those people.