TOOK THE BEST BUY AND SELL POSITIONS IN THE MARKET AND HERE’S WHAT HAPPENED!
#DOGE TRADING RESULT AND POSSIBLE NEXT MOVEMENT
We have identified the key levels where DOGE will most likely retrace using the Fibonacci tool. As well as reviewed the trendline path that it has followed on its shorter timeframe.
Further observation has also shown that DOGE remained on top of the 23.60% retracement which is then considered to be its minor support. With the recent short trade that we've done from key level 0.09862 towards 0.08896 we took a profit of 9.80% without expecting anything beyond this since it's already highlighted that this token may continue to hold this level. Right now, we're expecting a possible retest on the resistances it has created but we're also expecting greater sell orders awaiting from 61.80% to 100% of the Fibonacci levels.
#ALPACA 45.41% SHORT PROFIT: WHAT'S NEXT?
After the recent rejection of ALPACA at 0.30 we have gained a tremendous 45.41% profit in a total of 9 days and 20 hours. Within the span of this timeframe, we were also able to analyze the possibility of ALPACA holding a specific support. As what we can see, there is a possibility for ALPACA to continue doing a ranging market movement until the time it decides to either breakout/breakdown. The range that we can see could possibly happen around 0.135-0.184. Although, we're not disclaiming the possibility of a total breakdown.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
