$DOGE- TEST, 1H : # 7 (S + P/L ERRORS ADJUSTED)
Didn't work out the way I thought it would in the last test. The support has been moved up. The bottom of the blue rectangle is the new entry point and the top of it is the target. At this point, I thought we'd be above the trendline. Currently, we are just below it. R/R is almost 2:1.
Since the massive pullback after the 11th, DOGE has been slowly climbing back up and with ZB exchange now offering DOGE to China since 2 days ago, I believe this will be a massive boost to Doge traffic. In the first few days of having multiple DOGE pairings, ZB has managed to more than 2x Gate.io's traffic leading volume... at times, closer to 2.5x. The fact that the traffic is now smashing Gate.io's traffic for 3 straight days out of 3 days is very telling, IMO. ZB alone beats lowers spots #3 - #7 in traffic combined on a daily basis. That is pretty incredible for an exchange to more than 2x the Doge traffic leader right out of the gate, for 3 days straight.
Small sample size but I have been keeping track of volume for weeks now and I can tell you that in the past week or so, traffic has close to doubled overall, from top to bottom. This is quite the opposite of what I was expecting as the Dogethereum test was successfully passed over a week ago and the traffic seemed unaffected for the most part. I guess word travels slowly outside of the U.S.
Many are quick to point out Doge is a meme coin and this is true, it did begin as one... but to say it is worthless/has no real-use cases is incredibly inaccurate. There are plenty of reasons to believe in the short/long term... especially at current prices. Many have already made 50%+ returns easily... in a matter of weeks... in a bear market, as 99% of the market lost massive equity. I believe that this is just the start. Whether the bull-run begins or not, I can see Doge continuing to make gains as a lot of the CT world still overlooks Doge for different reasons, especially here in the States. I think this gives us more time to load up than usual... that is, until Doge goes on another tear.
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I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
________________________________________________________________________________________________________
These are just theories I am testing out to see what I need to adjust based on results.
Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.
Since the massive pullback after the 11th, DOGE has been slowly climbing back up and with ZB exchange now offering DOGE to China since 2 days ago, I believe this will be a massive boost to Doge traffic. In the first few days of having multiple DOGE pairings, ZB has managed to more than 2x Gate.io's traffic leading volume... at times, closer to 2.5x. The fact that the traffic is now smashing Gate.io's traffic for 3 straight days out of 3 days is very telling, IMO. ZB alone beats lowers spots #3 - #7 in traffic combined on a daily basis. That is pretty incredible for an exchange to more than 2x the Doge traffic leader right out of the gate, for 3 days straight.
Small sample size but I have been keeping track of volume for weeks now and I can tell you that in the past week or so, traffic has close to doubled overall, from top to bottom. This is quite the opposite of what I was expecting as the Dogethereum test was successfully passed over a week ago and the traffic seemed unaffected for the most part. I guess word travels slowly outside of the U.S.
Many are quick to point out Doge is a meme coin and this is true, it did begin as one... but to say it is worthless/has no real-use cases is incredibly inaccurate. There are plenty of reasons to believe in the short/long term... especially at current prices. Many have already made 50%+ returns easily... in a matter of weeks... in a bear market, as 99% of the market lost massive equity. I believe that this is just the start. Whether the bull-run begins or not, I can see Doge continuing to make gains as a lot of the CT world still overlooks Doge for different reasons, especially here in the States. I think this gives us more time to load up than usual... that is, until Doge goes on another tear.
________________________________________________________________________________________________________
I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
________________________________________________________________________________________________________
These are just theories I am testing out to see what I need to adjust based on results.
Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.