๐ฅTHE WHALES SELL ALL DOGIESโ EASY MONEY DURING CONSOLIDATIONโ
๐ฅ Hi friends! The retailers are already forget about DOGE until it start to pump again.
๐ฉ Take a look on the volume indicator. The HUGE SPIKE shows that the whales sold a lot of DOGE on the Elon and Tweeter news. It's not something strange, because such meme coins are centralized altcoins woth 20-30 wallets, that hold 70-80% of entire supply. Of course, they want to sell it.
๐ My expectations about DOGE movements is consolidation between 2 massive value areas, where the most of altcoins were bought:
๐ฅ $0.059-0.071 - support value area
๐ฅ $0.084-0.091 - resistance value area
โ I recommend you to find the entry point to short, when the price approach the top value area of $0.084-0.091. The target will be the lower value area.
โ As you can see, DOGE make a pullback when the price touch the bottom value area of $0.059-0.071, so the next time try to find long entry point there. The target will be the top value area.
๐ฉ If any of this scenario will be in play, I will let you know in updates, so stay tuned!
Traders, do you think DOGE has a chane to renew it's local highs at $0.15 or it finnaly dead? Write your thoughts in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
๐ฉ Take a look on the volume indicator. The HUGE SPIKE shows that the whales sold a lot of DOGE on the Elon and Tweeter news. It's not something strange, because such meme coins are centralized altcoins woth 20-30 wallets, that hold 70-80% of entire supply. Of course, they want to sell it.
๐ My expectations about DOGE movements is consolidation between 2 massive value areas, where the most of altcoins were bought:
๐ฅ $0.059-0.071 - support value area
๐ฅ $0.084-0.091 - resistance value area
โ I recommend you to find the entry point to short, when the price approach the top value area of $0.084-0.091. The target will be the lower value area.
โ As you can see, DOGE make a pullback when the price touch the bottom value area of $0.059-0.071, so the next time try to find long entry point there. The target will be the top value area.
๐ฉ If any of this scenario will be in play, I will let you know in updates, so stay tuned!
Traders, do you think DOGE has a chane to renew it's local highs at $0.15 or it finnaly dead? Write your thoughts in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
Get access to the private club with VIP signals
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๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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