What do you guys think of this trade. Any suggestion is greatly appreciated since I am just beginning to learn and understand !!
Comment:
Now, trading at 451380, we still can't know for sure which direction DOGE will go.
A lot of wishful thinking is going on in relation with this Memecoin. The Volatility is nice to make fast and easy trades on the 1-15min Charts. Can Volatility be too much? In the bigger picture we can see that it really depends on levels Doge is trading at right now! If price breaks below 0.618 fib level, we will probably see a bounce at the 0.786, which would be the perfect buying zone for me. If we can hold around 0.5 fib level, we might see an upside move to 0.236 fib level.
We are seing a lot of support at the current price which could indicate an upcoming climb to 0.06$. But again, that's wishful thinking. IMO it's more likely to drop to 0.786 fib level and THEN continue uptrend, if EVER!
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A lot of wishful thinking is going on in relation with this Memecoin. The Volatility is nice to make fast and easy trades on the 1-15min Charts. Can Volatility be too much? In the bigger picture we can see that it really depends on levels Doge is trading at right now! If price breaks below 0.618 fib level, we will probably see a bounce at the 0.786, which would be the perfect buying zone for me. If we can hold around 0.5 fib level, we might see an upside move to 0.236 fib level.
We are seing a lot of support at the current price which could indicate an upcoming climb to 0.06$. But again, that's wishful thinking. IMO it's more likely to drop to 0.786 fib level and THEN continue uptrend, if EVER!