BUY: 0.04896 – 0.05375
TARGETS:
1) 0.0605
2) 0.0729
3) 0.0872
STOP: When 4h candle closes below 0.047
Rationale:
-A diagonal trendline has formed and price is respecting it as support
-RSI is showing strength
-Price has successfully tested and bounced off the 200 EMA
-Price was consolidating within the demand zone, and has now broken out of the demand zone and above the 100 EMA with strength
-As long as the price remains above the demand zone and 100 EMA we are bullish one DogeCoin.
Your risk, your reward. This is not financial advice.
Happy trading.