Breakout On DOGE Failed On April Fool's Day
Hi everyone,
As you know market moves in cycles and sentiment based on supply and demand. And when something is just too crowed then normally we see the opposite reaction. So I would not be surprised by more weakness on Doge as there are just a lot of market participants expecting much higher prices. It's an extreme so it's good to be aware that there can be lower pullback and maybe much better prices to be long later.
Please give me your feedback? Are you long, short or waiting to buy later?
Grega
As you know market moves in cycles and sentiment based on supply and demand. And when something is just too crowed then normally we see the opposite reaction. So I would not be surprised by more weakness on Doge as there are just a lot of market participants expecting much higher prices. It's an extreme so it's good to be aware that there can be lower pullback and maybe much better prices to be long later.
Please give me your feedback? Are you long, short or waiting to buy later?
Grega
👉Premium Services:
wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.