๐ฅ Hi friends! The double false breakout of the $0.108 key level force DOGE to make a pullback to accumulate more power. The whales need to accumulate more coins before the next pumps and overleveraged long traders give them this opportunity. We also need to enter this trade in time to get nice RR!
๐ THE PRECONDITIONS TO OPEN A LONG:
1. the price should reach $0.84-0.89 value area which will become the support for the price
2. false breakout of the $0.93 key level which mean the pullback from the value area and close above the key level
3. volume growth that confrims the whales purchases
4. bullish BTC is a must have for altcoins grow
๐ฉI will use DOM and Footprint scalping toold instead of volumes, because I can see the real whale orders during the trading session, This indicators help you to increase your win rate by 25-30% just following the big guys.
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THE MAIN TARGEST FOR DOGE:
๐ฅ $0.108 - the key level
๐ฅ $0.125-0.13 - the closest value area
๐ฅ $0.16 - the key level
And remember to book the profit when the price reach each of the targets. Trading is about making money.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.