The entire basis of this trade is that my previous analysis about a market swing low being printed currently holds true. Click here to see that post if you aren’t familiar with it.
I have recently been on a kick of only swing trading BTC and ETH because they are holding up much stronger in pullbacks than any other coins, but DOGE is showing some signs that it could have a relatively strong move higher this time around. While many altcoins have been slowly bleeding over the last several months, DOGE has been respecting the same lows. And the timing for reaching these lows again has very nice confluence with BTC being at an area where I am looking for a market move to begin higher. My primary target for DOGE is the recent high marked above on the chart (over +30% move) to be sure to lock in profit, but much of it will need to be analyzed live and times with BTC moves.
The entire basis of this trade is that my previous analysis about a market swing low being printed currently holds true. Click here to see that post if you aren’t familiar with it.
I have recently been on a kick of only swing trading BTC and ETH because they are holding up much stronger in pullbacks than any other coins, but DOGE is showing some signs that it could have a relatively strong move higher this time around. While many altcoins have been slowly bleeding over the last several months, DOGE has been respecting the same lows. And the timing for reaching these lows again has very nice confluence with BTC being at an area where I am looking for a market move to begin higher. My primary target for DOGE is the recent high marked above on the chart (over +30% move) to be sure to lock in profit, but much of it will need to be analyzed live and times with BTC moves.