DOGE/USDT - Buying the flash-dump - May 6th, 2021

There was a mini dump right now, I'm trying to buy its dip. I had prepared this trade a few hours ago and left a limit order, which just got filled. It's a 3:1 risk/reward ratio trade.

Trade parameters:

Entry: 0.55299
TP: 0.69775
SL: 0.50558
Risk/reward ratio: 3:1

Disclaimer: I am a beginner learning how to trade.