DOGE / USD - Scalp Long Setup (+50%)
Updated
Yep.. out of nowhere.. Here it is. A DOGE / USD - Scalp Long Setup with a potential of +50% gains
I closed my shorts & switched back bullish (at least very short term)
This bullish scenario would invalidate the previous 'Sudden Drop Protocol' idea, of course!
Let's see which one plays out. For me this one just became my primary count.
I'll keep you updated! :)
Stay tuned! 🤞🏽🙃
I closed my shorts & switched back bullish (at least very short term)
This bullish scenario would invalidate the previous 'Sudden Drop Protocol' idea, of course!
Let's see which one plays out. For me this one just became my primary count.
I'll keep you updated! :)
Stay tuned! 🤞🏽🙃
Trade active
Target reached & retested already.As you can see, the price started to gain momentum, as soon as support was established inside the buy triangle.
This confirms that the buy triangle is active.
What happens next?
Price didn't push out of the triangle yet.
That's what it actually does after finding support inside. Not retesting the channel resistance means that the target must be higher.
Trade is running until bulls fail to find support above the channel resistance,
If they can manage to turn the resistance into support, another bullish follow-through is expected.
If they fail (that's what usually happens if there's no troll on Twitter shilling it like crazy), the price falls all the way back (at least to the middle line of the channel.
I hope this was helpful.
Trade safe, peeps! 🤞🏽🙃
Related publications
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.