DOGE’s mid-range level lines up with a FVG (fair value gap) zone of $0.07204 - $0.07272 (white).
This could make the area a strong bullish stronghold and a likely positive price reaction at this level could push DOGE to retest the short-term range high.
Entry: $0.07264
Target: $0.07506
Stop-loss: $0.07151
RR - 2
This could make the area a strong bullish stronghold and a likely positive price reaction at this level could push DOGE to retest the short-term range high.
Entry: $0.07264
Target: $0.07506
Stop-loss: $0.07151
RR - 2
Trade closed: stop reached
The idea has been invalidated ahead of FOMC Minutes and a massive BTC options expiry on Friday (26 May), which could be exerting more bearish pressure.
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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.