FX.co ★ Trading tips for Dogecoin

Following the strategy presented last December 6, Dogecoin gave a strong bullish impulse after a small correction yesterday. This brought unexpected quick profits, and for those who were out of position, it formed favorable opportunities to take long positions within the pattern developed in the daily chart.

The buying pressure was provoked by Elon Musk, who yesterday announced the sale of certain Tesla products for Dogecoin as another experiment. The coin went up by 26% immediately after that, with the daily issue rising by 500%.

Our target was to update the the August and November 2021 double top at 0.35.

That is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!