Technical analysis by smarttrader012 about Symbol DOGE: Buy recommendation (3/31/2024)

🚀🌕 Dogecoin Long Opportunity: Entry at Demand Zone and FVG💰 Hey traders! 🎩💼 I trust you're all doing well. Here's an enticing trade proposition for DOGEUSDT (DOGE/USDT), offering not one but two potential entries. 1st Entry: 0.18157 We're initiating our first entry based on the presence of a demand zone (SMC). This strategic entry point presents a promising opportunity to capitalize on potential bullish momentum. 2nd Entry: 0.17400 Our second entry is triggered by a Fair Value Gap (FVG), adding another layer of confidence to our position. This secondary entry reinforces our conviction in the trade setup. (before reading further, follow, like and comment what you think about this idea...) Stop Loss (SL): 0.17058 To mitigate risk, our stop loss is set at 0.17058. This level acts as a safeguard against adverse price movements, ensuring prudent risk management. Target: $1 (Long-term Vision) 🎯 Now, our target is set at $1. But hey, we're not just staring at the stars here; we're ready to sell before the biggest TP hits if needed. (....and share) However, it's essential to exercise flexibility and consider taking profits earlier, albeit retaining a portion of DOGE. Elon Musk's tweets have historically influenced DOGE's trajectory, potentially propelling it "to the moon." This signal is based on SMC strategy... You also want to learn SMC strategy? Great, right it down in the comments!Comment: There is one important thing to note: It depends on the market at that time what we will decide; here are some examples: when we see the market comes down in a very fast momentum, than maybe we will cancel the order. When the market comes to this point and stays there and we have longsignal we will continue. If we see bearish, than we could also reverse.