Doge has had an amazing run up but has hit resistance around the .30-.32 range. Sellers are stepping up over the last 2 weeks and buyers are drying out. Given today's market sell off, and indications that the crypto market will continue to sell off, it is likely that Doge will follow. My algo indicates a downward trend with support at the 0.21 level.
Trade plan - Short at 0.295-.3 - stop loss at 34 - Target is 0.245
Disclaimer: This is not financial advice. Please consider the risks of investing and trading carefully before doing so.
Yorum
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Lowered stop loss to 0.322 for better risk reward ratio.