Might be one of the biggest short opportunities since back in the day. Barry Silbert is playing DOGE the way he did BTC in 2018.
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Scaling in, SL 0.23
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Starting scaling into position 1 as price already looks really weak, no guarantee it will go higher.
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Btw this is not the same pattern on the daily that was formed in April. This time its below the MA which increases my confidence that its a top, not a bottom.
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Short 1 (long term) locked in. Avg: 0.1880, SL 0.23, Liq 0.29. Might be a pump to 0.20 tomorrow or day after. Doesnt matter, as price is looking primed to move lower after.
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Short 1 so far very comfy. Already 4%+ since entry. The upcoming week will be a good time to look for second entry. One low leverage long term position and one high leverage short term position. Targeting 0.09 - 0.07. Will set up ladder close in this range for both positions.
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Position 1 is currently +10% from entry. The market is so heavy.
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Im out of here, my TP is 0.07. Will keep the trade running.
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Never got to get to short position 2. Might be an opportunity though if it keeps "consolidating". Position 1 is in big profit.
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DOGEbtc has broken the 99DMA and the short position was closed at stop loss in profit. Bias flipped bullish now until invalidated.
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Approaching short entry part 2. Looks juicy!