DGB POTENTIAL TRADE
$dgb moved nicely past few weeks. It looks like alts might start to move soon. I think its a good idea to buy the dip here. I'm doing so with a stop loss, partial reasoning below.
Ideal Entries: 605, 570, 540
Target 1: 850
Target 2: 1450
Stop Loss: 490
R:R: 7.5:1 with an average entry of 570 and average exit of 1100
I like this fomo that the ENTIRE market is feeling on dgb because nothing has pumped yet. Its like everyone has their eyes on dgb the coin that just pumped 120% in a few weeks and NO ONE said a word about it. I missed the entire rally, and I am fine with that. Now, I do not want to miss a retracement for a potential higher high or at least catch some solid %s. I am setting a stop loss here on this trade for sure.
*DISCLAIMER: Not financial advice, am not an advisor.
Cheers,
Andrew
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