Hello Community!
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents.
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents.
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
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