Hey Guys its been a while. Been busy for some while.
i carried out an analysis on DOGEUSDT.
Firstly a bullish chart pattern (Ascending Triangle) is formed. And the RSI is overbought.
How i Trade overbought/oversold RSI
if an RSI is overbought, I enter the trade if the price is in a resistance zone.
if an RSI is oversold, I enter the trade if the price is in a support zone.
First entry
as we can see in the chart the RSI is overbought and in a major level of resistance. a pullback may occur, and you could earn from that pullback.
Second Entry
I'll wait for breakout and a retest (this is when a breakout occur above the ascending triangle.)
Good Luck.
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i carried out an analysis on DOGEUSDT.
Firstly a bullish chart pattern (Ascending Triangle) is formed. And the RSI is overbought.
How i Trade overbought/oversold RSI
if an RSI is overbought, I enter the trade if the price is in a resistance zone.
if an RSI is oversold, I enter the trade if the price is in a support zone.
First entry
as we can see in the chart the RSI is overbought and in a major level of resistance. a pullback may occur, and you could earn from that pullback.
Second Entry
I'll wait for breakout and a retest (this is when a breakout occur above the ascending triangle.)
Good Luck.
Like, follow and comment.
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.
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.