Hi, friends! DOGE is pumping on the news from Elon Musk, and the whales continue to sell well on it. What to do next time to not miss the long?
Notice how volumes rise on the lows and the highs. After the last fall, the volumes were huge, a large amount of liquidity to buy for the whale. Local sales on news from Elon and after a breakdown of the trend line. Local selling is perfectly visible on the volume indicator.
đź“ŠThe possible scenario is a bear trap after a local pullback. When the global trendline is broken up, the price went up a few %, but stopped in the resistance zone of $0.083-0.09. This shows the weakness of Doge and a local pullback is possible. But where to?
Pullback to the global trendline is most likely. After a false break down, it could be a bear trap, after which the teddies will become fuel🔥 for growth.
📊The targets: 🔶$0,105-0,11 🔶$0,125-0,13
âś…These value zones can stop the price, most traders will close their trades here.
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P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.