DOGECOIN - Bearish Opportunity > SELL !
Hey Traders and Investors, this is my current viewpoint and belief on what I anticipate happening to the price of DOGECOIN this month - pls show your support by hitting the boost/like and follow if you agree with this prediction.
*To start off, I've noticed that the price of Dogecoin has gone down 26.44% in the last six days - since there was a resistance level that had 28 bullish candle wicks touching it, which had the power within itself to push the price further down and surpassed 13% from it
*The price of that resistance level was set between $0.07207pts and $0.07079pts
(My thought process behind this SELL POSITION) - 6/17/2023
- Based on my analysis, it's been revealed that this resistance level has been touched by a total of 87 bullish candle wicks, which is significantly greater than the previous resistance level above it that is known for its power to force the price of dogecoin down 22.21% from it after the 83rd bullish candlewick and prevented the price from hitting a 5.80% stop loss above that same point, which ultimately gives this resistance level the advantage and overall makes it even more effective and influential
- This is why I believe that this current resistance level has the potential power and ability within itself to push the price down 26.50% from the 87th bullish candlewick and protect the price from hitting a 5.80% stop loss above the 87th bullish candlewick
- The price of this resistance level is set between $0.06153pts and $0.06302pts
(GREATER CHART VIEW)
(My LIVE SELL POSITION OFF THIS RESISTANCE LEVEL)
My entry price was $0.06201pts
The price of my take profit is set at $0.04517pts (27.16%)
The price of my stop loss is set at $0.06659pts (6.27%)
MY RISK MANAGEMENT IS APPLIED
*Always be aware of your risk management above all else
- IF YOU FOUND THIS BENEFICIAL, ONCE AGAIN, you can support me by hitting the boost and following me - I would appreciate it frfr
(Bk) Buomkuoth Nhial Reath
CHRIST IS KING AMEN
DOGEUSDT
*To start off, I've noticed that the price of Dogecoin has gone down 26.44% in the last six days - since there was a resistance level that had 28 bullish candle wicks touching it, which had the power within itself to push the price further down and surpassed 13% from it
*The price of that resistance level was set between $0.07207pts and $0.07079pts
(My thought process behind this SELL POSITION) - 6/17/2023
- Based on my analysis, it's been revealed that this resistance level has been touched by a total of 87 bullish candle wicks, which is significantly greater than the previous resistance level above it that is known for its power to force the price of dogecoin down 22.21% from it after the 83rd bullish candlewick and prevented the price from hitting a 5.80% stop loss above that same point, which ultimately gives this resistance level the advantage and overall makes it even more effective and influential
- This is why I believe that this current resistance level has the potential power and ability within itself to push the price down 26.50% from the 87th bullish candlewick and protect the price from hitting a 5.80% stop loss above the 87th bullish candlewick
- The price of this resistance level is set between $0.06153pts and $0.06302pts
(GREATER CHART VIEW)
(My LIVE SELL POSITION OFF THIS RESISTANCE LEVEL)
My entry price was $0.06201pts
The price of my take profit is set at $0.04517pts (27.16%)
The price of my stop loss is set at $0.06659pts (6.27%)
MY RISK MANAGEMENT IS APPLIED
*Always be aware of your risk management above all else
- IF YOU FOUND THIS BENEFICIAL, ONCE AGAIN, you can support me by hitting the boost and following me - I would appreciate it frfr
(Bk) Buomkuoth Nhial Reath
CHRIST IS KING AMEN
DOGEUSDT