#DOGE Technical Update
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
#DOGE
We are nearing a weekly close, it is too far from close above support.
On a daily time frame, we got rejected as well.
So far, Binance listing was nothing more than an exit pump for DOGE bag holders.
Only close above broken support can bring bullishness to this pair.
We are nearing a weekly close, it is too far from close above support.
On a daily time frame, we got rejected as well.
So far, Binance listing was nothing more than an exit pump for DOGE bag holders.
Only close above broken support can bring bullishness to this pair.
Be careful with #DOGE.
The best thing that potentially could happen actually did happen and it didn’t explode.
This could hurt a lot of people.
I am not buying.
I could be wrong and it wouldn’t be the first time but in the trading first thing you should care about is protecting what you have and then you should focus on making more of it.
There’s no way to protect my capital by buying #DOGE because we can get a negative tweet from Elon for example a price will crash immediately leaving me with a bag of nothing.
No, thank you!
I’m successful more than enough with the system I use where I don’t have to stress about and have sleepless nights!
The best thing that potentially could happen actually did happen and it didn’t explode.
This could hurt a lot of people.
I am not buying.
I could be wrong and it wouldn’t be the first time but in the trading first thing you should care about is protecting what you have and then you should focus on making more of it.
There’s no way to protect my capital by buying #DOGE because we can get a negative tweet from Elon for example a price will crash immediately leaving me with a bag of nothing.
No, thank you!
I’m successful more than enough with the system I use where I don’t have to stress about and have sleepless nights!