Doge $Doge #Doge Doge on the daily is fighting and losing to the SMA50,it is below the SMA9 as well as the EMA20.
It is falling off on volume as well as momentum and the BEARS are stepping back in.
For the last 2 days it's been a perfect short if you just short from the SMA50.
We still have a sell signal which never retreated regardless of this recent bounce.
WE have decent support in the $0.11-$0.12 range/levels marked out. This level also coincides with the top from 12/6/22 as well as the bottom support from recent 3/19/24 dip.
Below that we should find much greater support at $0.10 level which also gains further support from the SMA180 as well as the top from December 6th-9th of 2023.
On the weekly we get a slighter different picture with us getting rejection on the weekly from the SMA9 but finding trend support around the EMA20.
Even with an aggressive decline in the overall markets short of a true black swan event i do not see us breaking and staying below that level. Should this change, I will update as /when needed.
For now, I would just focus on these levels for the entries and exits to play.
If you ever wanted to follow early to accounts that stay in the game and up with what's going on and wish you made an appearance with them prior to them being bigger followings etc. this is a great opportunity lol with me, my larger OG account I've spent the last several years and all throughout the bear building was killed by X and now I'm starting over from scratch.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
