jaesik87

To the moon, consolidation or dump?

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
A risky long for the breakout of the consolidation triangle but the volume seems to still be there for some potential growth at least while BTC bounces from 55-58k. IMO the best line of action is for a tight trailing stop of the 10EMA on the 15m timeframe.
Risks:
1. Highly priced
2. Buy volume may potentially decrease
3. A violent dump may occur at any levels.

But
1. The trend is your friend
2. What goes up will go higher.

Buy at your own risk.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.