Ranked amongst the top 10 coins by market cap and an extremely well known name in the defi space, DOGE appears to have reached a discount zone. We have just experienced one of the biggest if not the biggest liquidation events in the crypto market and I am expecting some movement to the upside.
As you can see, I would consider this long position invalidated or stopped out if we close below the recent wick low created by said liquidation event ($0.2015). Targeting $0.6 but will secure 25-40% of the position at the first green line marked. In the unlikely event price doesn't tap into the trim zone or invalidates the forecast by May end, I will close the trade.
Please do your own research, especially in this market. Good luck!
As you can see, I would consider this long position invalidated or stopped out if we close below the recent wick low created by said liquidation event ($0.2015). Targeting $0.6 but will secure 25-40% of the position at the first green line marked. In the unlikely event price doesn't tap into the trim zone or invalidates the forecast by May end, I will close the trade.
Please do your own research, especially in this market. Good luck!
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