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08.11.2021 11:09 AM
Trading tips on Dogecoin

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Dogecoin hit the first target price and is on its way to the second one.

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This shows that the token has good growth potential despite the lag in trading.

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Considering this, traders can take long positions from the current prices up to 0.35, which is the August high. Then, stop loss could be set at 0.22. The risk-reward ratio of this transaction is 2:1.

Good luck and have a nice day!

This analysis is based on the Price Action and Stop Hunting strategies.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
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