🚀DOGE: is it the end of the meme coin and meme Lord?
Musk is reportedly accused of being part of a "pyramid scheme" related to Dogecoin. He faces a fine of 258B and a ban on DOGE promotion. Hope that everything will be fine to both coin and Elon.
About a month ago❗️, i published the idea about the same strange relationship between Elon and DOGE. Check it out😉
But we traders have to be ready for anything. Now a lot of traders are "locked" in Doge after the accumulation in the $0.8-0.88 value area. They become the fuel for dump and some of them have already been liquidated.
I expect the false breakout of the $0,064-0,066 value area return to the trendline and after some squeeze above it break it down. Preconditions for it we can check at the volume indicator. Some big players sell doge at the rebounce after dump. If at the false breakout the volumes will grow it will be the best confirmation for us to open a short trade according to this scenario.
Targets: return at least to $0,5-0,55 value area. The next targets we can difine when this movement begin depends on BTC mood.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
About a month ago❗️, i published the idea about the same strange relationship between Elon and DOGE. Check it out😉
But we traders have to be ready for anything. Now a lot of traders are "locked" in Doge after the accumulation in the $0.8-0.88 value area. They become the fuel for dump and some of them have already been liquidated.
I expect the false breakout of the $0,064-0,066 value area return to the trendline and after some squeeze above it break it down. Preconditions for it we can check at the volume indicator. Some big players sell doge at the rebounce after dump. If at the false breakout the volumes will grow it will be the best confirmation for us to open a short trade according to this scenario.
Targets: return at least to $0,5-0,55 value area. The next targets we can difine when this movement begin depends on BTC mood.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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