@DOGS T.A. UPDATE... ( SCALP TRADE )
Buy/Sell Levels:
- Buy Zone: $0.00112 - $0.00113
- The price found support around $0.00112 in the past, bouncing off this level. Itâs a good area to enter long positions, aiming to catch the next bounce.
- Stop Loss: $0.00109 (slightly below the support level to allow for some volatility).
- Take Profit: $0.00120 (just before the next resistance level).
- Sell Zone: $0.00118 - $0.00120
- The price faced resistance around $0.00120 multiple times. It's a strong area to consider shorting or taking profits from a long position.
- Stop Loss: $0.00122 (above the resistance level to cover a potential breakout).
- Take Profit: $0.00113 (targeting the previous support area).
Key Points:
- Scalping Mindset: Be quick! Since it's a 30-minute chart, moves can happen fast, so keep your eyes on the chart and adjust your levels if needed.
- Risk Management
:Never risk too much on a single trade. Use tight stop losses to minimize potential losses.
- Watch for Patterns: Even though the chart is clean, sometimes small patterns like double bottoms or tops can appearâkeep an eye out for those.
