elon musk ponzi coin setting up for a new dump

🔸Hello traders, today let's review the daily price chart for DOGE , recently nice pump
was generated by the elon musk's zombies, and therefore DOGE popped hard off the lows.

🔸This market structure in progress resembles XABCD pattern setup, bearish once it's completed
at point D, so limited upside beyond 10/11 cents. Also most rips/rallies get sold in doge coins,
since it's a vaporware / ponzi scheme.

🔸The XABCD structure point X set at 10 cents, point A set at 7 cents, point B at 9 cents,
point C at 6.75 cents and finally point D is set at 10.75/11.75 cents. We are currently almost
maxed out and points X/A/B/C are already complete, only point D still pending.

🔸Recommended strategy in this market: bears should be looking to execute sell orders near
point D, once we get a reversal confirmation. It's recommended to use other indicators, such
as RSI on higher TF to confirm reversal.

🔸Keep in mind this is a swing trade setup for position traders, so naturally setup
will take more time to complete, I recommend to do your own due dill and use a tight SL

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