DOGE - One of our First Ground Zero alerts was triggered 🙄
DOGECOIN was one of the meme coins we preferred to short during the last year, first at 0,70$ (close to ATHs) and later on in another 3 occasions (resistances).
Last night at around 4:30 our time (Athens) our Alert was triggered at what we call the 'Ground Zero' potential price.
Price did indeed rebound from there and is 10% higher today.
Is this the end of the dip ? Maybe, you see there is still 45% chances that the price could end up lower given that BTC and especially Ethereum still can/should drop more but regardless:
the 0,05049 is a HUGE technical support for Doge, se we bought it.
Then again exercise and plan will change in case this levels is broken and breached under....
After all, There are ZERO Guarantees that any tokens (especially meme coins) will exist for ever!
Not convinced?
Take a look at 2017, same day as today, June 14 just 5 years ago and think..how many of those cryptos are still around today?: coinmarketcap.com/historical/20170614/
For us, this is DOGE's Ground ZERO level..under that level it can eventually seize to exist. For the time being that was/is a great level to BUY from.
Welcome to Trading,
the FXPROFESSOR
Last night at around 4:30 our time (Athens) our Alert was triggered at what we call the 'Ground Zero' potential price.
Price did indeed rebound from there and is 10% higher today.
Is this the end of the dip ? Maybe, you see there is still 45% chances that the price could end up lower given that BTC and especially Ethereum still can/should drop more but regardless:
the 0,05049 is a HUGE technical support for Doge, se we bought it.
Then again exercise and plan will change in case this levels is broken and breached under....
After all, There are ZERO Guarantees that any tokens (especially meme coins) will exist for ever!
Not convinced?
Take a look at 2017, same day as today, June 14 just 5 years ago and think..how many of those cryptos are still around today?: coinmarketcap.com/historical/20170614/
For us, this is DOGE's Ground ZERO level..under that level it can eventually seize to exist. For the time being that was/is a great level to BUY from.
Welcome to Trading,
the FXPROFESSOR
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