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If any movement comes, it will come on high break. Right? Stop Loss is the low of the inside bar. Which is bankruptcy.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level...
Unfortunately Doge had suffered a strong loss just like the Other big Cryptos right after News with China banning all Cryptocurrency.
This has happened previously in 2013, 2017
Its not the first time China has done this.
This is what they do to manipulate the Price.
The price is likely to Drop to the lower support line around 0.22s
In this above analysis, I show both scenarios may be happening in the future. Take a position as your own calculation if anyone happen. Now wait for the good opportunity
HAPPY TRADING
As we can see on May 13, DOGEUSDT dropped to the support level of $ 0.37 and bounced off it. Then the price went up to $ 0.56 and now the price is falling again. If the price drops to $ 0.37 again and breaks the support level, it will probably drop to $ 0.2. If the price bounces off the support level, growth to $ 0.56 is possible.
If you like the idea, subscribe...
Elliot wave and Fibonnoci analysis predicts the next target for dogecoin be 0.93 with a risk reward ratio of 1:3 ,with a waiting period of maximum 96 days from now as long as the SL is not trigered.
WARNING : kindly stick on with proper money management before entering any trade with a golden rule of risking less than 5 % of the total capital in every single trade.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.45883).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
![DOGEUSDT: [Crypto] DOGEUSDT Inside Bar Trade](https://s3.tradingview.com/3/35MmoWS2_mid.png "[Crypto] DOGEUSDT Inside Bar Trade")
