After making a big pump some days ago, we are being presented technically with a very good setup. As we can see
DOGEUSDT
have broken structure and is trying to complete the retrace. We are going to see lot of traders buying some doge coins now, but my advice on this is not to because, we are below the 2R, which is likely going to be an area of manipulation. So the best thing i can do on this is to wait for the market to come to the area of liquidity. And that area is in confluence with the trend line, which in this case will be the best place to place our orders on the DOGE coin.
NB: DO not trade the trend, but trade the market structure if you want to stay long in the market. This is not a financial advice and also try to apply risk management when taking trades.
DOGEUSDT
have broken structure and is trying to complete the retrace. We are going to see lot of traders buying some doge coins now, but my advice on this is not to because, we are below the 2R, which is likely going to be an area of manipulation. So the best thing i can do on this is to wait for the market to come to the area of liquidity. And that area is in confluence with the trend line, which in this case will be the best place to place our orders on the DOGE coin. NB: DO not trade the trend, but trade the market structure if you want to stay long in the market. This is not a financial advice and also try to apply risk management when taking trades.