Doge trend line forming despite volatility
Updated
After an extremely frustrating weekend of Doge ups and down, it appears to be heading back down into the trendline channel. My chart shows a channel where the price is trending when the volatility is not triggered by a news event or announcement.
For now I've just closed a small open SHORT position on eToro which I closed after it bounced off the downside of the channel. I've set a small LONG position to open about halfway between the channel and the next support line.
And another SHORT if it falls back into the channel.
Orders:
Short
Entry 0.51
TP 0.460
SL 0.54
Long
Entry 0.55
TP 0.670
SL 0.525
For now I've just closed a small open SHORT position on eToro which I closed after it bounced off the downside of the channel. I've set a small LONG position to open about halfway between the channel and the next support line.
And another SHORT if it falls back into the channel.
Orders:
Short
Entry 0.51
TP 0.460
SL 0.54
Long
Entry 0.55
TP 0.670
SL 0.525
Trade active
Long position triggered, Open!Trade active
Ha! This should be interesting... Short position triggered, Open!It's just hovering there between the two points.
Trade closed: target reached
AEDT 11/5/21 04.58amShort position target reached TP 0.460 Gain 10%
Trade closed: stop reached
Short position target reached SL 0.540 Loss 5%Note
Net Profit 5%:)
I also opened a new Long after stop reached
Long
Entry 0.4594
TP 0.69
SL 0.34
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