Couple of trade option DOGE
Heres a couple of ideas for a trade on DOGE
1. Potential formation of a bullish pennant from the recent rally. Been recently trying to understand and work on my risk:reward ratio when it comes to trade, by sitting at the bottom of the pennant (potential support) I can minimize my risk. You might like to wait for confirmation of this support before entry, like a green hammer formation. note: 15minute chart, so things could move quickly.
2. Retest the macro reistance as support, would have a heavier weighted amount here compared to above. Again, might want to see what candles are formed here first before entry. But could be a good entry for a tare down from bitcoins recent rally.
1. Potential formation of a bullish pennant from the recent rally. Been recently trying to understand and work on my risk:reward ratio when it comes to trade, by sitting at the bottom of the pennant (potential support) I can minimize my risk. You might like to wait for confirmation of this support before entry, like a green hammer formation. note: 15minute chart, so things could move quickly.
2. Retest the macro reistance as support, would have a heavier weighted amount here compared to above. Again, might want to see what candles are formed here first before entry. But could be a good entry for a tare down from bitcoins recent rally.
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