Trade Breakdown – Sell-Side (Crypto Weekend Setup)
📅 Date: Saturday, April 5, 2025
⏰ Time: 3:00 PM NY Time (NY Session PM)
📉 Pair: DOGE/USD
📉 Trade Direction: Short (Sell)
Trade Parameters:
Entry Price: 0.16821
Take Profit (TP): 0.16173 (+3.85%)
Stop Loss (SL): 0.17009 (-1.12%)
Risk-Reward Ratio (RR): 3.45
Reasoning:
Demand Turned to Resistance" — this signals a bearish shift in structure:
I assume a likely failed rally, where previous demand could not hold for confirmation bias
and price seemed to respect the demand zone (highlighted blue) as resistance, giving confluence for a short. Targeting a pivotal low, suggesting a liquidity grab or structure retest.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.