Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1
DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue.
🏹 For the bulls to take over short-term, we need a break above the last major high from H4 highlighted in orange.
🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.
📉 If we break below 0.075, we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1
DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue.
🏹 For the bulls to take over short-term, we need a break above the last major high from H4 highlighted in orange.
🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.
📉 If we break below 0.075, we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.