Fading setup - likely for doge to sell off after the huge pump
The 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:
Structure:
We can see that we are currently in a fading structure witch leads most of the time to a selling structure.
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.
註釋
The "hanging man" pattern is active hehe交易結束：達到停損點
I am now long註釋
註釋
The trade played out way better than I could have imagined.. wowthere is just so much FOMO on this pair, just like Gamestop and Tesla before it.
What will be the next fomo in your opinion?
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