Shorting Alts for BTC RallyQuite simple - when Bitcoin goes on a bull run like we're seeing now, bearing in mind it broke past the resistance of the MA 200 the alts will take strain until Bitcoin settles in a new range and then the alts will begin to regain momentum.
Sell into BTC, wait for BTC to range, then buy back into alts.
My chart shows the divergence between Bitcoin and CAKE/DEGO.
BINANCE:CAKEBTC
BINANCE:DEGOBTC
BINANCE:BTCUSDT
Degobtc
Dego Finance (DEGO) formed bullish BAT for upto 29% rallyHi dear friends, hope you are well and welcome to the new update on Dego Finance (DEGO) token with Bitcoin pair.
Previously we had a nice trade of DEGO:
Now on 4-hourly chart, the price line of DEGO has formed bullish BAT .
DEGO/BTC buy opportunityHi followers,
BINANCE:DEGOBTC Formed higher low after forming double bottom support area,
Now with the breaking the 0.00017 level, we maybe ready for another impulsive move up.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
the first target is the double !!! (+400%)✅ Buy: 16 - 17.50 ✅
🎯TARGETS:
1- $29.23
2- $52.00 ( take profit for 60% -70%)
3- $88.50
⚠️⚠️ leverage up to 5x till the first target only ⚠️⚠️
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $12.95
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DEGO testing the support zoneDEGO is an NFT and DeFi project and NFT coins are doing very well in this bull run. DEGO now testing the support line and we expecting a good bounce from here. DEGO broke the long downtrend with a big volume candle and now accumulation is going on for the next leg up.
Buy Zone: $16.8 - $17
Target: $18.78 - $19.94 - $21.2 - $23.6 - $26.8 - $28.9 - $31.3 - $34.4 - $38.7
Bullish DEGO - LONGlooks so bullish. in a small dip, good opportunity imo.
not a financial advice tho. GL !