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Dogecoin / Bitcoin

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DOGEBTC trade ideas

Please comment on my idea. Thanks.Doge had a unbelievable run for couple months and if you invested in the right time you should feel lucky and smart. But right now it seems to from a double top and volume is decreasing. Also it is in the highly overbought territory. Therefore im still waiting to a move to the downside. I would definitly not buy from here! But i dont also short it because i geniunly think shorting crypto is way too dangerous since it can have huge volume out of nowhere with huge moves. Good luck and be responsible with your hard earned money! Always watch out for opportunities but be carefull.
by thegreatwall38
3
Fading setup - likely for doge to sell off after the huge pumpThe chart speaks for itself. Volatility is dying and people have stopped paying attention to this coin and are FOMOing on other coins. But because this was THE coin that started this bull run, I expect it to also be the first one to go back to it's normal trading zone (20 to 30 sats ). Indecators: We can see from the VPVR that price is very near breaking down from a cliff and falling back to the next volume area at around 40 sats . We can see that the RSI is creating rising channels that then break to the downside. Structure: We can see that we are currently in a fading structure witch leads most of the time to a selling structure.
Short
by TheSnowballEffect
2