As you can see here, we are preparing a new set-up on Dogecoin. Given that Bitcoin FOMO has affected all the market, we are facing overextended movements that may need some liquidity gathering.
If volume starts showing weakness, this will become the best scenario for whales and MMs to redistribute leveraged wealth and start a new bullish movement.
We plotted our Psychological EMAs to see where retail traders are placing their trades. Our manipulation approach suggests placing shorts if Lured SLs are victims of stop hunting. As long as FOMO is not satisfying retail EMAs based entries, we will be able to take advantage of this advanced strategy.
Also, based on structure, we have found the order block that caused the large movement. These are susceptible to contain big chunks of orders that can’t be seen or Order Books. Placing Spot Orders near that zone would be a sensible option.
We will monitor the manipulation approach closely! Stay tuned!
If volume starts showing weakness, this will become the best scenario for whales and MMs to redistribute leveraged wealth and start a new bullish movement.
We plotted our Psychological EMAs to see where retail traders are placing their trades. Our manipulation approach suggests placing shorts if Lured SLs are victims of stop hunting. As long as FOMO is not satisfying retail EMAs based entries, we will be able to take advantage of this advanced strategy.
Also, based on structure, we have found the order block that caused the large movement. These are susceptible to contain big chunks of orders that can’t be seen or Order Books. Placing Spot Orders near that zone would be a sensible option.
We will monitor the manipulation approach closely! Stay tuned!
