Dogecoin has now done an 83% pullback
Great for reversal.
It has respected horizontal support.
It has printed a bullish engulfing candle for the second time at the zone with way better risk to reward than the 1st trade set up so I would enter this one.
Bullish divergence.
Entry : $0.1538
Stop loss: $0.1230
Target 1: $0.1840
Target 2: $0.3690
Target 3: $0.5530
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution
Great for reversal.
It has respected horizontal support.
It has printed a bullish engulfing candle for the second time at the zone with way better risk to reward than the 1st trade set up so I would enter this one.
Bullish divergence.
Entry : $0.1538
Stop loss: $0.1230
Target 1: $0.1840
Target 2: $0.3690
Target 3: $0.5530
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution