DogecoinShort
elon musk ponzi coin setting up for a new dump
🔸Hello traders, today let's review the daily price chart for DOGE , recently nice pump
was generated by the elon musk's zombies, and therefore DOGE popped hard off the lows.
🔸This market structure in progress resembles XABCD pattern setup, bearish once it's completed
at point D, so limited upside beyond 10/11 cents. Also most rips/rallies get sold in doge coins,
since it's a vaporware / ponzi scheme.
🔸The XABCD structure point X set at 10 cents, point A set at 7 cents, point B at 9 cents,
point C at 6.75 cents and finally point D is set at 10.75/11.75 cents. We are currently almost
maxed out and points X/A/B/C are already complete, only point D still pending.
🔸Recommended strategy in this market: bears should be looking to execute sell orders near
point D, once we get a reversal confirmation. It's recommended to use other indicators, such
as RSI on higher TF to confirm reversal.
🔸Keep in mind this is a swing trade setup for position traders, so naturally setup
will take more time to complete, I recommend to do your own due dill and use a tight SL
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
was generated by the elon musk's zombies, and therefore DOGE popped hard off the lows.
🔸This market structure in progress resembles XABCD pattern setup, bearish once it's completed
at point D, so limited upside beyond 10/11 cents. Also most rips/rallies get sold in doge coins,
since it's a vaporware / ponzi scheme.
🔸The XABCD structure point X set at 10 cents, point A set at 7 cents, point B at 9 cents,
point C at 6.75 cents and finally point D is set at 10.75/11.75 cents. We are currently almost
maxed out and points X/A/B/C are already complete, only point D still pending.
🔸Recommended strategy in this market: bears should be looking to execute sell orders near
point D, once we get a reversal confirmation. It's recommended to use other indicators, such
as RSI on higher TF to confirm reversal.
🔸Keep in mind this is a swing trade setup for position traders, so naturally setup
will take more time to complete, I recommend to do your own due dill and use a tight SL
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
t.me/thesyndicate001
💎solana meme coin algo based
⚡️signals based on whale activity
📕and trading course for 10x-25x
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💎solana meme coin algo based
⚡️signals based on whale activity
📕and trading course for 10x-25x
🚀supercharge your trading
🏧to the next level join us today
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