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Plus: $DOGE is popping

Good Morning!

From record-breaking Nasdaq highs to Reddit’s meteoric 25% surge, our analysts have dissected the action for you. And let’s not ignore crypto—while the world watches BTC flirt with all-time highs, our members raked in a jaw-dropping +317% on $VIRTUAL this week. If you’re here, you’re hungry for more, and that’s what we deliver: real trades, real gains, and exclusive insights that turn potential into profit. Dive in for Sherlock’s latest $DOGE setup and more plays lined up for those who refuse to settle.

Let’s get into it 👇

🌡 TradingLab’s Headline Roundup

Stock Markets

30th October, 2024

Crypto

Commodities/Forex

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📈 What I’m Trading

The Play

Our analyst Sherlock has a spicy trade lined up for $DOGE with an entry at $0.15839, and this setup is too good to ignore. Here’s the breakdown:

  • Entry: $0.15839

  • DCA: $0.15331 (Equal Position Size)

  • Stoploss: Manual stop on a 4-hour close below $0.14995

  • Targets:

    • $0.16755

    • $0.17532

    • $0.18659

    • $0.19978

Sherlock’s playing a solid fractal here, and it’s holding up at 1.618 resistance. We’re watching for a pullback to the 1.272 level before the next leg up to that tasty 2.786 zone. This is pure price action gold, backed by some solid structure

The Catalyst

DOGE's recent price action has been catching eyes, and it’s not just hype. With consistent upward momentum, DOGE has broken through key resistance levels, pulling off some well-defined bullish patterns. The current market landscape for DOGE suggests there’s room to capitalize on its volatility with strategic entries and exits, and Sherlock is all over it. Moreover, broader market sentiment on crypto assets is warming up again, with BTC and ETH stabilizing—always a good sign for alts like DOGE.

Our Take

This setup is a buy if we follow the fractal. The anticipated bounce from the 1.272 level gives us a clear path to profit, and Sherlock’s 4-hour close stop makes sure we stay protected against downside. This setup is for those who want to catch that wave on DOGE while riding a disciplined plan. Remember, this isn’t just a ride to the moon—we’ve got a mapped exit plan to lock in gains along the way.

Want more plays like this? Join us in TradingLab, where our team breaks down the markets daily, looking for these exact kinds of setups. Don’t miss your chance to trade smarter, not harder—click to join the community and get access to our real-time insights.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab