Support is strongest when it's first tested.
Where can we find support? well, an area of resistance is a great point of reference, here we can see a previous resistance acting as support with a very strong reaction.
This shows this a great buying opportunity, with the stop loss of 2 ATR below the support (to really stop the trade only if we are wrong or the support level is broken).
DOGE is showing to be quite a strong coin, so this could be a great point of entry before we continue the uptrend. I'm opening a long position here.
Got in at 0.044173
Where can we find support? well, an area of resistance is a great point of reference, here we can see a previous resistance acting as support with a very strong reaction.
This shows this a great buying opportunity, with the stop loss of 2 ATR below the support (to really stop the trade only if we are wrong or the support level is broken).
DOGE is showing to be quite a strong coin, so this could be a great point of entry before we continue the uptrend. I'm opening a long position here.
Got in at 0.044173
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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.
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.