Hi Everyone !
On the technical side, we have a pattern which is showing some loss of momentum on the 4H timeframe so we can anticipate a continuation to the upside. Based on that keep your eyes on 15 – 1h timeframe for your buy setups before entering the market without having this setups don’t get in. Don’t chase the running candles.
There is the move with +150% to be made (if this dogecoin chart follows the script) and the trade has a nice protentional reward.
Any strong break to the downside will invalidate the setup.
Day trading dogecoin can give a nice profit. We have a dogecoin discussion yesterday on a live stream. If you want watch the recordings.
As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( It doesn’t matter if Elon Musk buy dogecoin or if Elon Musk tweets about dogecoin) . However if you don’t over risk and follow the plan than there is noting to lose in this crypto trading.
Invest with care !