Pullback or reversal? Very easy way to know!

If you're wondering if a dip in those MEME coins is a buying opportunity or a sign the party's over, measuring % price drops during such big rallies is a very valuable tool.

Here's how:
Track the % retracements: During a big rally or steady uptrend, healthy pullbacks typically retrace similar percentages. So, simply measure the size of each dip and compare them.

Identify consistent retracements: If the current pullback falls within the established range, it suggests a potential buying opportunity for a continuation of the trend.

Watch for deepening drops: A price drop that is relatively bigger than prior retracements might signal a weakening trend or a longer consolidation period.

So, use this information to adapt your buy point and risk appetite if you're eager to participate.

Here's an exemple of a previous rally in DOGE
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This is today's drop, which is increasing as I'm writing this post.
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ElliottWaveBelgium

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