#DOGE #DOGEUSD #DOGEUSDT 
DOGE
After we closed our long trade at daily resistance DR1, the price started to pull back down as per our expectation.
This pullwas was expected by us since the price had hit the daily resistance.
Now the price has come to the 4h support zone 4HS1.
This zone is good for the price to bounce.
It is likely that the price will bounce here and resume its upward journey.
Therefore, this is a long opportunity here.
This time target is way beyond our last trade target.
I expect that this bounce will bring the price to monthly resistance MR1.
MR1 zone is around 0.30 - 0.33.
This is high R:R trade since the stop loss is very limited 5% but the profit target is huge and close to 40%.
Lets try this trade. We will keep monitoring the price action.
If any update is required, I will keep sharing here.
What do you think about this trade and the expected price action?
Would love to hear your thoughts. Share your view in comments.
DOGEAfter we closed our long trade at daily resistance DR1, the price started to pull back down as per our expectation.
This pullwas was expected by us since the price had hit the daily resistance.
Now the price has come to the 4h support zone 4HS1.
This zone is good for the price to bounce.
It is likely that the price will bounce here and resume its upward journey.
Therefore, this is a long opportunity here.
This time target is way beyond our last trade target.
I expect that this bounce will bring the price to monthly resistance MR1.
MR1 zone is around 0.30 - 0.33.
This is high R:R trade since the stop loss is very limited 5% but the profit target is huge and close to 40%.
Lets try this trade. We will keep monitoring the price action.
If any update is required, I will keep sharing here.
What do you think about this trade and the expected price action?
Would love to hear your thoughts. Share your view in comments.
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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.
Related publications
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.