$DOGE: WAIT - price sits under the 0.06590 breakdown point, no retest yet.
What happened: price flushed to 0.06301 then bounced to 0.06662 and faded to 0.06502. Bitcoin keeps falling near 68k after failing near 70k, so rallies are for selling.
Entry: 0.06590 only if price taps 0.06580-0.06595 and an hour candle closes back under 0.06590.
Stop loss: 0.06695, about 1.6 pct above entry.
Target 1: 0.06350, gives 1.8 times the risk. Target 2: 0.06301, gives 2.2 times the risk.
Avoid longs, buying into a falling market under resistance gets cut here.
What cancels the idea: an hour candle closes above 0.06695, buyers retook the ceiling.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: price flushed to 0.06301 then bounced to 0.06662 and faded to 0.06502. Bitcoin keeps falling near 68k after failing near 70k, so rallies are for selling.
Entry: 0.06590 only if price taps 0.06580-0.06595 and an hour candle closes back under 0.06590.
Stop loss: 0.06695, about 1.6 pct above entry.
Target 1: 0.06350, gives 1.8 times the risk. Target 2: 0.06301, gives 2.2 times the risk.
Avoid longs, buying into a falling market under resistance gets cut here.
What cancels the idea: an hour candle closes above 0.06695, buyers retook the ceiling.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
