I've been looking at this chart for quite some time and now that I am booking profits on Ethereum (not a financial advice), I am looking to take this trade.
The following are the trade criteria.
First and foremost we should always align bitcoin's move with doge. If bitcoin looks in a healthy uptrend, that's a check.
Second, we l wait for the doge to break the trend line in 4hr timeframe with "significant volume", significant being the keyword.
Third, we wait for a pullback along the line of resistance for a retest of the trend line.
If we can confirm the resistance, by price action that's where we will take our position.
You can not go wrong with a well planned trade ahead of time and make sure you stick with your take profit levels.
Happy trading.
The following are the trade criteria.
First and foremost we should always align bitcoin's move with doge. If bitcoin looks in a healthy uptrend, that's a check.
Second, we l wait for the doge to break the trend line in 4hr timeframe with "significant volume", significant being the keyword.
Third, we wait for a pullback along the line of resistance for a retest of the trend line.
If we can confirm the resistance, by price action that's where we will take our position.
You can not go wrong with a well planned trade ahead of time and make sure you stick with your take profit levels.
Happy trading.
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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.
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.