DEGENUSDT trade ideas
my lovely DEGENDegen in previous idea i show two step for buy orders at 0.0165 and 0.013
after that price sit on 1th buy level at 0.0165 we are on 0.022 now if 0.025 break strongly
i can hodl it for 0.03 lets see what will happen...
this is not a signal for buy or sell orders please search yourself...
GOD bless all of us.
degen update for allDegen 1th entry was activated twice in previous week and have 25% profit in each move
yellow circles are rsi change alert ...
i think for who is not enter on degen the yellow box(0.0189) is safe to target 0.021 if 0.021 break stongly and fix top of it 2th entry will not be activated i think...
but you can set your order on 2th enter why?
because liquidity hunt movement can activate your orders and after that back to move...
we have this move in previous periods so control your mind and manage your account
Check daily for better wide vision.
please please search yourself and self educated guys... bless you.
degen will say things...Degen on base ...
sometime Mcap of projects talk with you like this boy
degen i think can be a magic top mcap was 1B and now 330M
by this potentiak MCAP i dont think for sell under 0.1 just i think
and this is not a signal for buy or sell orders search yourself guys...
$DEGEN - Trouble Zone$DEGEN is showing a significant price drop after its recent surge.
The market is correcting, but it's showing strength after hitting a major support zone on higher timeframes.
Key support .016 (prevlow)
Trouble zone is around .025-.026. Watch for a potential rejection at this level, as we could retest our vwap at 0.014–0.012
Here is a possible trading scenario for DEGEN, of course DYOR !If you take the trade please don t forget to dyor and take profit, here the two levels of TP are :
- Neck line of the pattern 0,025
- End of the coffee smoke around 0,047
As you can see Fibo levels match with the pattern, let's see...
It's only a scenario please do not take it seriously as it's a very risky market.
Peace !
DEGEN Update DEGEN ( top meme on base )
A solid base has formed, and if we can hold this area, we could see some good growth from Degen
bullishIf the price breaks and stabilizes above the resistance of 234, it has the potential to grow up to the resistance of 498
degens degens degensyou see levels
nothing to say ...
its not a signal for buy or sell orders its just an idea please search your self
DEGEN armyDEGEN usdt pair
if come down to boxes is attractive for buy orders
for mid term can see 0.06 certainly.
Degen CnH?Scalp long setup for Degen CnH pattern forming. Target exit at yellow top fib.
Probability play is to reshort at yellow top fib down to FVG.
DEGEN in ascending channelDegen price has that nice curved bottom.
Also building bullish structure.
Inside the channel looks to be breaking above a triangle of sorts.
Wait for it to retest / retrace before trying to enter.
DEGEN TO ALL TIME HIGH!I think degen is now on the wave 3 move the wave 2 is shallow so expect the wave 4 to be sharp on correction, we can adjust the count if the pump exceed to the given fibonacci level.
$DEGEN/USDT Analysis: Signs of Recovery After Consolidatio
DEGEN/USDT is showing positive signals on the weekly chart, currently trading at 0.02729 USDT following a strong upward move. The price is approaching a major resistance zone, and a successful breakout could lead to further gains.
Key Levels:
Current Resistance: 0.02698 USDT – Breaking above this level would enhance the bullish outlook.
Next Target: 0.04088 USDT – The first potential target, representing a 151.52% gain.
Stop Loss Level: 0.01442 USDT – Suggested for risk management in case of a downside reversal.
Summary:
If #DEGEN can sustain its position above the current resistance, it is likely to reach the next target at 0.04088 USDT.
DEGEN Flat correctionWave 3 has finished, and we are now in a complex correction phase for Wave 4. There's a chance that a flat correction could develop, meaning the market may consolidate before the next big move.
To support this correction we have also identified a bearish divergence.
Buy Trade DEGEN: Capturing High-Risk, High-Reward GainsDescription:
This trading idea is centered on DEGEN, a cryptocurrency designed for those seeking high-risk, high-reward opportunities in the ever-volatile crypto market. DEGEN taps into the speculative nature of decentralized finance (DeFi) and meme-based tokens, often leveraging trends and community-driven momentum to generate rapid price movements. As a niche asset, DEGEN exemplifies the extreme volatility and potential for outsized returns that draw risk-tolerant investors. Its fundamentals are driven by community engagement, unique tokenomics, and a focus on speculative utility within the DeFi space, presenting potential upside for those who can stomach the market swings.
That said, it’s critical to acknowledge that DEGEN carries inherent risks, as it is more susceptible to sudden price fluctuations, market sentiment shifts, and regulatory scrutiny. Investors should tread cautiously, employing strict risk management and a comprehensive understanding of the speculative nature of such assets.
Disclaimer:
This trading idea is provided for educational purposes only and should not be considered financial advice. Cryptocurrencies, particularly those like DEGEN, are highly speculative and carry significant risk, including the potential for a complete loss of capital. Conduct thorough research, assess your financial situation, and consult with a professional advisor before engaging in any investment activity. Past performance is not indicative of future results.
DEGEN Potential Rebound at the Fibonacci Golden Ratio
The market has witnessed Degen reach a critical level on the Fibonacci retracement scale, specifically touching the Golden Ratio (around the 61.8% retracement level). In technical analysis, this Fibonacci level is often seen as a point of significant support, indicating a possible shift in momentum from bearish to bullish.
Historically, assets that touch or approach the Golden Ratio tend to experience a reversal or a bounce, as many traders use this point as an entry for potential uptrends. The recent price action of the degen seems to align with this pattern, signaling a possible rebound.
Market sentiment around the degen shows cautious optimism, with volume increasing slightly at this level. If it holds above this key support, a potential upward momentum could follow, potentially driving the price to retrace towards the next resistance levels. However, traders should remain aware of external factors and volatility, as degen tokens often come with inherent risks. A steady confirmation above the Golden Ratio could make this a promising setup for those willing to take a calculated risk.
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This is an ideal time for traders to monitor the token’s price action closely, as a solid bounce at the Fibonacci level could spark the next rally. However, a failure to hold at this level might signal further downward movement. As always with high-risk tokens, manage risk carefully and stay updated on broader market trends.
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Let's analyse DEGENUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Degen (DEGEN) started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster's Degen channel, and there are plans to airdrop 70% of the token's total supply eventually.
TECHNICAL ANALYSIS:
DEGENUSDT has demonstrated a bullish breakout from a parallel channel pattern. The price is currently supported by the 100-day Moving Average (MA). On a lower timeframe, DEGEN is forming a bullish pennant, indicating a potential continuation of the uptrend. This presents a favorable opportunity to accumulate here.
Entry Zone:
$0.0054 to $0.0076
Targets level:
Expecting 5x-6x
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Happy Trading!!
DEGEN Long Trade Setup: Potential for 60% Rally!Long DEGEN/USDT
DEGEN has broken above the resistance trendline and is now trending above the 50 EMA. A potential rally from the current price could lead to a positive move for DEGEN.
Entry: CMP or wait for the retest at $0.00722.
Accumulation: $0.007
Stop Loss: $0.00659
Leverage: 5x
Targets: $0.00853, $0.00935, $0.01010, $0.01088, $0.01178
Be sure to use proper SL and accumulate on any dips. Keep leverage low to avoid liquidation.
Do your own research before investing.
Haven't been monitoring, just glanced.. Where I'd short thisSeems like a perfectly good spot to open a short if it hits this price in the short term next 24 hours.
impressive movement potential for Degenthe market is simply boiling for the meme Degen on base network, the price chart has dramatically increased few days breaking the descending triangle with impressive movement looking for alt high
DEGEN Accumulation Strategy: Key Resistance Zones for Gains! Overview:
MEXC:DEGENUSDT.P is currently in a consolidation phase, with large holders (whales) strategically accumulating during price dips. This presents an opportunity for both short-term trading and long-term accumulation.
Investment Strategy:
1. Accumulation Phase:
- 🟢 Buy Zone: $0.002 - $0.005.
- 📈 Signal: Monitor whale accumulation and low retail activity as confirmation.
2. Short-Term Trading Targets:
- 🎯 Target 1: $0.01 – Short-term resistance.
- 🎯 Target 2: $0.02 – Previous local high.
- 🎯 Target 3: $0.03 - $0.04 – Major resistance zone.
- 💡 Entry Signal: Significant uptick in large transactions or volume increase.
- ❗️ Stop-Loss: Set at $0.0015 to manage risk.
3. Long-Term Holding:
- 🛒 Strategy: Accumulate during dips within the buy zone.
- 🔍 Monitoring Points: Watch for whale inflows/outflows and network activity.
- 🏆 Exit Plan: Consider partial profit-taking near $0.03 and hold remainder for potential higher targets.
Risk Management:
- 🚨 Stop-Loss: $0.0015.
- 🔔 Alerts: Set for whale inflows/outflows and large transactions to adjust strategy accordingly.
Conclusion:
DEGEN presents a strategic opportunity for both short-term gains and long-term accumulation. Use defined targets and manage risk carefully. Stay vigilant of whale activity and market sentiment changes for optimal trade execution. 📊💪
Mini Report:
Price Analysis:
- DEGEN peaked around $0.06 in March 2024 before stabilizing in the $0.002 - $0.005 range. This indicates potential for a recovery if accumulation continues.
Holder Distribution:
- Retail investors dominate, with most holders owning 0-10k DEGEN. Whales have shown accumulation during dips, signaling potential for price support and future rallies.
Key Metrics:
- 📈 Active Addresses: Declining trend post-peak suggests reduced engagement, but steady accumulation by large holders is a positive sign.
- 🛡 Long-Term Holders: Stable number of long-term holders (1 year or more) provides a foundation of committed investors.
- 🐋 Whale Activity: Monitoring whale inflows is crucial, as their behavior often precedes major price movements.
Outlook :
With a solid accumulation strategy and well-defined targets, DEGEN offers a compelling investment opportunity. Keep an eye on market sentiment and whale behavior to adjust your strategy accordingly. 💪🚀
