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MichalCiesla
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Big boys going in. Dont sell to the big boys and then cry for the rest of your life that you sold to the big boys, deal?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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MichalCiesla
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small gem $fakeai (available on spot only on mexc)
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DOT need to break out of its Descending Triangle first! be smart
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$doge now
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Chart Pattern: The chart shows a potential "Bullish Flag" pattern. This is characterized by: 1. Strong Uptrend: The price has risen sharply to 76,420. 2. Consolidation: After the sharp rise, the price consolidates sideways within a narrow range, forming a flag-like shape. Trading Strategy: 1. Bullish Continuation: Given the flag pattern and the strong uptrend, a bullish continuation is likely if the price breaks above the upper resistance of the consolidation range (around 76,000 - 76,500). 2. Entry Point: Look for a breakout above 76,500 with strong volume as a confirmation of the continuation. 3. Stop Loss: Place a stop loss just below the lower boundary of the consolidation range, around 73,000. 4. Take Profit: Measure the height of the flagpole (the initial rise before consolidation) and project it upwards from the breakout point to set a target. Indicators: RSI: Since RSI is in the overbought zone, monitor closely for any divergence or signs of reversal. Volume: Ensure that the breakout is accompanied by high volume to confirm the move. Conclusion: The chart shows a strong bullish trend with a potential bullish flag pattern. A breakout above 76,500 with high volume can be a good entry point for a long position, with appropriate risk management in place using stop losses and profit targets.
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