Symbio_X

The Hype is over?

Short
Symbio_X Updated   
BITTREX:DOGEUSD   Dogecoin
Potential "Hype is over"// Bubble Chart
Comment:
small time frame view
Comment:
Im sorry for anybody who got lurked into buying a shitcoin like Dogecoin tho in case this scenraio plays out.

Also fuck Elon Musk for pretending Dogecoin had any real chance becoming a real currency.
Comment:
The only time i would recommend any trader to buy doge coin is the classic Doge/btc
"pump and dump" Support zone...
Comment:
retest of my potential resistance curve happened lately. as long this holds my idea is still in play.
Comment:
adjusted support zone
theoretical nice swing trade idea, but dyor and i recommend using stop loss as doge is still overpriced at these prices. My idea is invalid in case we go above the curve.
Comment:

second bearish scenario would be this, but this is even too bearish for a bear as me :D
Comment:
original idea got invalidatet. im propably still bearish on doge shortterm, altho not sure if the hype machine continues and we see 1USD for real. definitely wouldnt bet on a bullish case. will short at 1$ tho if it happens.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.