Degen
1CATUSDT Long Entry Signal Today for Degen TradersCurrent Situation:
- Today, the **trading system generated an entry signal** as the **Parabolic SAR (PSR)** turned green, signaling short-term bullish momentum.
- However, the price is still trading **below the 200-day moving average (MA)**, which remains a key resistance level.
- A **daily close above the 200 MA** would provide stronger confirmation of a long-term bullish trend reversal.
What to Watch:
1. **200-Day MA ($0.0037)**:
- A daily close above this level would align short-term bullish signals with a long-term trend reversal.
- Failure to close above the 200 MA could lead to further consolidation or even a pullback.
2. **Parabolic SAR Confirmation**:
- The green dots below the price suggest bullish momentum is in play, which could drive the price toward the 200 MA.
3. **Volume and Momentum**:
- Watch for sustained volume increases to confirm buyer confidence in pushing above this critical level.
Recommendation:
- **Conservative Approach**: Wait for a **daily close above the 200 MA** before entering or adding to positions. This would confirm the breakout and reduce downside risks.
- **Aggressive Approach**: If already in a position, monitor price action closely. Keep stops tight, especially if the price struggles near the 200 MA.
Conclusion:
The signal from the **PSR turning green** is a promising sign of short-term bullish momentum. However, the **200-day MA remains a key resistance**, and a **daily close above it** would provide the perfect confirmation for further upside.
Let me know if you'd like further insights or updates on this setup! 🚀📊
Degen $degen #degen In the bigger picture like on HTF as in 1-day charts i think we are still grinding down and dealing with distribution/consolidation after this big move up last week.
I think we might even go back down and retest the $0.0143 levels over the next several days or even as much as couple weeks.
However, in the more near term like on a 4hr. time frame i think it looks like it might want to flush some shorts and go back up and retest some of these levels marked out up above.
This could give great near-term opportunity to make some $ with clear current invalidation levels/SL etc.
I think IMO that all of the top coins with community on the Base system will end up really shining at some point by the end of this cycle and if this is one that you are wanting to be in. Then this IMO is also a great place to begin to DCA into a spot long and HOPE for these dips I speak of to load up more.
Remember that may not even happen and that we could end up with Eth running NOW/before you know it and this will be the LOW you want.
DEGEN Price Soars on Binance Announcement: What’s Next? Exciting news for DEGEN investors! On Friday, Binance announced the futures listing for $DEGEN, resulting in an impressive 43% price surge. But what does this mean for the future of the token? Let’s dive in.
Key Highlights
- Binance Futures Listing: Binance, a leading crypto exchange, revealed it would list a DEGENUSDT (USD-Margined) perpetual contract. This allows users to trade the asset with up to 75x leverage, significantly boosting potential gains.
- Enhanced Trading Features: Binance will support Multi-Assets Mode for DEGEN, providing traders with more flexibility and improved risk management. A capped funding rate at +2.00% / -2.00% was announced, but changes could occur based on market conditions.
- Market Reaction: Following the announcement, DEGEN’s trading volume skyrocketed over 100%. This bullish momentum, combined with investor interest, suggests potential for further gains.
DEGEN’s Impressive Rally
As of now, $DEGEN has surged 46%, trading at $0.02981. The token’s intraday trading volume reached $411.77 million, marking a 137% increase. This upward trend corresponds with the Binance announcement, indicating strong market confidence.
Moreover, the token's futures open interest (OI) rose 43% to $37.58 million, while derivatives volume saw a 153% boost to $125.94 million. This data highlights a growing investor interest in DEGEN.
Technical Outlook
Currently, $DEGEN is up 10%, trading within a consolidating zone of $0.028. It’s attempting to overcome a bearish reversal to break past previous highs. The RSI is stable at 54, and there’s immediate support at $0.025. A breach below this could trigger a bearish trend.
However, with the positive performance of BTC and similar assets, $DEGEN might break past its recent highs.
What’s Next?
Will DEGEN continue its upward trajectory, or will market corrections slow it down? As always, investors should stay informed and make decisions based on comprehensive analysis.
Stay tuned for more updates as the market evolves!
DEGEN TO ALL TIME HIGH!I think degen is now on the wave 3 move the wave 2 is shallow so expect the wave 4 to be sharp on correction, we can adjust the count if the pump exceed to the given fibonacci level.
DEGEN Flat correctionWave 3 has finished, and we are now in a complex correction phase for Wave 4. There's a chance that a flat correction could develop, meaning the market may consolidate before the next big move.
To support this correction we have also identified a bearish divergence.
ETHISDT.P Hello, my dear degens,
Here's ETH on the 30-min chart. I'm shorting because the price was rejected at two resistance levels: the 200 MA and the black line.
Not financial advice. Stay safe!
BTCUSDT.P Hey degens,
Here's BTC on the 30-min chart. I'm shorting because the price is dipping below the 200 MA and got rejected from resistance (the black line).
This is not financial advice. Stay safe!
DOGEUSDT.PTo whom it may concern,
This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish.
The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line.
The volume adds some uncertainty, as steady levels could support a bullish move. 2
If you have any questions, feel free to ask.
This is not financial advice. Stay safe and humble.
RATSUSDT.P
Hello dear friends,
Another degen SHORT is coming your way! This time, it’s 1000RATS on the 30-minute timeframe. This one is extra degen due to the volatility of this meme coin.
Two things on the chart make me bearish: first, the price is at resistance, and second, there's a bearish divergence in volume.
This is not financial advice by any means! Stay safe, and keep that SL tight!
SOLUSDT.P
Hello friends,
Here’s the next degen SHORT in this series! We have SOL, one of the giants of crypto. We’re looking at two oscillators, RSI and CMF, both of which are bearish on the 30-minute timeframe. That’s why I'm shorting SOL—but, of course, this is not financial advice in any way!
Stay safe, and keep that SL tight!
BTCUSDT.P
I'm trying to short the king of crypto, BTC. This is more of a degen trade, so proceed with caution! Momentum and RSI are losing ground, which could be bearish. Keep in mind that both are momentum oscillators, so they behave similarly.
Keep that SL tight and stay safe. This is not financial advice in any form.
Stay safe!
DOGEUSDT.P
We are looking at DOGE on the 30-minute timeframe. Yesterday's short was liquidated as the stop-loss (SL) got hit. Today, we're trying again on the 30-minute timeframe with a tighter SL. At the moment, the price is below the 20 EMA, but that's the only bearish signal. This is more of a revenge trade, so exercise caution, and of course, this is not financial advice!
See you later, and stay safe!
DOGEUSDT.P
Hello, dear traders! Hope you’re doing well this Monday.
I’m watching DOGE on the 1H time frame because it’s best showing the bearish divergence between price and volume from the previous high to the current high. Volume is missing on this pump, creating a strong bearish divergence. In my opinion, the price is likely to fall.
Stay safe and stay tuned for updated information!
DEGEN Long Trade Setup: Potential for 60% Rally!Long DEGEN/USDT
DEGEN has broken above the resistance trendline and is now trending above the 50 EMA. A potential rally from the current price could lead to a positive move for DEGEN.
Entry: CMP or wait for the retest at $0.00722.
Accumulation: $0.007
Stop Loss: $0.00659
Leverage: 5x
Targets: $0.00853, $0.00935, $0.01010, $0.01088, $0.01178
Be sure to use proper SL and accumulate on any dips. Keep leverage low to avoid liquidation.
Do your own research before investing.
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets:
1. Fractal Pattern & Hidden Divergence
• A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles.
• The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup.
2. Symmetrical Triangle Formation
• The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout.
• The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences.
3. Hidden Divergence (Again)
• The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves.
4. Fibonacci Extensions & Price Targets
• Key Fibonacci levels provide potential price targets for a breakout:
• 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside.
• 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak.
• All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout.
5. Price Projections
• Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH).
• Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum.
• Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action.
Conclusion
The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
DEGEN (10x Potential)Degen is a Layer3 project on Base.
Passing $0.0056 without dropping to the targeted areas invalidates the idea.
Breaking $0.0021 is the stop-loss.
If the price goes according to plan, I think there's a chance to see a 10x run in Degen.
DEGEN/USDTBYBIT:DEGENUSDT
This idea has a long-term profit target.
All targets are indicated on the graph.
- Risk 1-3% on deposit
- R/R min 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
DEGEN/USDT Breakout PredictionDaily DEGEN/USDT Analysis
In the daily chart of DEGEN against Tether (DEGEN/USDT), the price has been moving within a descending wedge pattern. Recently, it made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 4.33% increase, there is a strong possibility of a breakout from this pattern.
Technical Analysis:
Descending Wedge: DEGEN has been consolidating in a descending wedge, which is typically a bullish reversal pattern.
Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggests a potential upward breakout.
Relative Strength Index (RSI): The RSI is at 27.47, indicating that DEGEN is in oversold territory and may be due for a reversal.
Price Prediction:
Based on the analysis, it is predicted that DEGEN will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.065096. This presents a good buying opportunity with a significant potential upside.
Disclaimer:
I am not a financial advisor, and these predictions should not be taken as financial advice.
Sol short, day trade. I never got the retest on Sol long trade earlier this week as we had a V shaped recovery so Todays trade, is a short to recovery of 50% of the Vector Candle
These posts are just to help my track my trade ideas while learning to day trade the Asia session
DEGEN - Degen setupA meme turned into blockchain.
making Adam and eve pattern. and then probably even a bigger Adam and eve pattern (much bigger).
giving us a good entry zone and two cleap TPs.
deatils in the chart.
#Manage your risk
#Not a financial advice. It's just a trade setup I found.
Degen early accumulationI'm looking to accumulate Degen around the 0.01 area in the coming months. I'm not a big fan of layers but the team and community is active and constantly working on new projects and ideas so it overshadows their hideous token metrics. This project has huge potential upside IMO.
Degen will be added to the bag.
DEGEN NEW POSSIBILITIES IN PRICE ACTIONHi Traders,
I hope you all are doing well and navigating the crypto market with your best strategies.
This update is for DEGENUSDT.
Degen is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin.
$0.025 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $0.039.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis.
Good times, everyone.
This update is not trading or financial advice .
