TRADE ALERT
www.stewdam.us
Traders,
Expecting a crypto market pullback this weekend. And doge is too hot. RSI on daily is at 85. On the hourly, it has reached a price level of resistance. And Twitter should pull back soon to fill a gap. Doge follows Twitter. Of course, when a crypto is hot, it’s often very hard to know when the top will be in. I’m obviously betting it won’t go much further with my short play here, but this is a VERY risky trade. Don’t follow me if you are not highly risk-tolerant. I have found much safer setups than this. That being said, I will play this one down to the 200-day ma if I can.
Twitter shows a gap that needs to be filled by price.
Position = DOGE Short
Entry = 0.08534
Stop Loss = 0.09
Final Target = 0.078
Risk/Reward = 3.5/1
Leverage = 5x