Dogecoin has been testing the structure level many times and every time price bounces off aggressively. We can use this structure level as an entry point and use it for stop loss placement too.
Trade Idea:
- Risk entry would be now with stops below the structure level
- Safe entry would be on the breakout of the correction (break of red descending trendline) with stops below the structure level
- Target the recent highs
Goodluck!
Trade Idea:
- Risk entry would be now with stops below the structure level
- Safe entry would be on the breakout of the correction (break of red descending trendline) with stops below the structure level
- Target the recent highs
Goodluck!