DEGENUSDT.P trade ideas
Degen early accumulationI'm looking to accumulate Degen around the 0.01 area in the coming months. I'm not a big fan of layers but the team and community is active and constantly working on new projects and ideas so it overshadows their hideous token metrics. This project has huge potential upside IMO.
Degen will be added to the bag.
Sold Degen at 0.035 will buy back at 0.02If Degen is not holding at 0.027 it will go to 0.02 easily at creating a Double bottom. My bias is we see a lower low at 0.017 and then pump from there, of course if bitcoin is pumping to 72K then surely this shall be the bottom. But bitcoin also looks like it wants to touch 58K at least.
#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE
I expect that #DEGENUSDT will come to the zone of $0.02028 - $0.02100 (the grey area that you see on the chart). At that grey area, I am looking for confirmation ✔️ to open a SHORT position.
The target of this DOWNWARD movement is to reach $0.01900 - $0.01830 - $0.01780 - $0.01670 - $0.01550 - $0.01400
Invalidation above $0.02270
#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE
I expect that #DEGENUSDT will come to the zone of $0.03468 - $0.03260 (the grey area that you see on the chart). At that grey area, I am looking for confirmation to open a LONG position.
The target of this UPWARD movement is to reach $0.03700 - $0.03920 - $0.04200 - $0.04500 - $0.05000 - $0.05600 and maybe the Moon
Invalidation above $0.02900 ❌
DEGEN Ignited: Don't Miss Out on This Buy Trade!**Technical Analysis Chart Disclaimer:**
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DEGEN NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that DEGEN has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
Following the trend in the coming time to see if its able to show new trend break.
Degen/usdt 4hThe candles are on the resistance line and under the cloud, this is not a good sign to climb
We see volume candles that are very weak. It means that the market is confused
We see the hanging men's candles and doji, which is not desirable at all
Tenkensen came to support and raise candles, but now is going to resist and suppress
The only positive sign is conjixen being flat, (i.e. waiting for tenkensen to raise the candles for him).
Degen - 0.618 Fib Bounce Could be a Bullish Move to the upsideThe concept of a 0.618 Fibonacci bounce, also known as the "Golden Ratio" or the "Golden Mean," is derived from Fibonacci retracement levels. These levels are used by traders to identify potential support and resistance areas. The 0.618 level is particularly significant because it is based on the Fibonacci sequence, where each number is the sum of the two preceding ones. This sequence is found in various natural phenomena, and some traders believe it also applies to financial markets.
When a financial instrument, such as a cryptocurrency or stock, experiences a significant upward or downward movement, traders often use Fibonacci retracements to identify potential levels where the price might find support or resistance. The 0.618 level is considered a strong support level, meaning if the price retraces to this level, it may bounce back and continue its upward trend.
#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE
I expect that #DEGENUSDT will come to the zone of $0.03839 - $0.03434 (the grey area that you see on the chart). At that grey area, I am looking for confirmation to open a LONG position.
The target of this UPWARD movement is to reach $0.0400 - $0.0430 - $0.04500 - $0.04900 - $0.05400 - $0.06300
Invalidation above $0.03230
Degen/usdt 4hLet's do a little analysis
I'm not a very good analyst, nor is there much history of degen available
So I drew a resistance line with Chicospan
On the other hand, Tenkensen and Kinjeksen are cutting a bearish sign
The cloud is not so thick, so there is a possibility that the candles will pass through it
And this is also a bearish sign
The drawn flag is not perfect, but we can hope to climb
You can see my previous analyzes by following me
DEGEN: $0.030 | Think Reddit Android & Google Labsprobably the future of humanity
a hobby turned into a mission
now a culture making waves in the layer 3 space
it takes a while to wrap your heads around Blockchain Layer 1 2 and more so 3
in laymans a chain within a chain within a chain
with Degen PEPE as first meme in the Layer 3 scece
we all know first advantage is a life changing
like COG GROK WOLF at ground levels
this one is yes the CHAIN Degen and more so its project DePepe
this could overshadow WiF ha ha ha
