FX.co ★ Trading tips for Dogecoin

The crypto market crashed last Saturday. Dogecoin, for instance, fell 7,000 pips and falsely updated this year's low.

Looking at this situation, we recommend taking long positions for profit.

So, starting from the current prices, traders can buy up to the high last April 2021, or up to the low hit last Saturday. The risk-reward ratio of the first scenario is 2:1, while the second one is 5:1.

No matter what you choose, take profit after the breakdown of 0.35

This trading plan is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!