DEGENUSDT trade ideas
DEGEN NEW POSSIBILITIES IN PRICE ACTIONHi Traders,
I hope you all are doing well and navigating the crypto market with your best strategies.
This update is for DEGENUSDT.
Degen is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin.
$0.025 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $0.039.
Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis.
Good times, everyone.
This update is not trading or financial advice .
Degen early accumulationI'm looking to accumulate Degen around the 0.01 area in the coming months. I'm not a big fan of layers but the team and community is active and constantly working on new projects and ideas so it overshadows their hideous token metrics. This project has huge potential upside IMO.
Degen will be added to the bag.
Sold Degen at 0.035 will buy back at 0.02If Degen is not holding at 0.027 it will go to 0.02 easily at creating a Double bottom. My bias is we see a lower low at 0.017 and then pump from there, of course if bitcoin is pumping to 72K then surely this shall be the bottom. But bitcoin also looks like it wants to touch 58K at least.
#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE
I expect that #DEGENUSDT will come to the zone of $0.02028 - $0.02100 (the grey area that you see on the chart). At that grey area, I am looking for confirmation ✔️ to open a SHORT position.
The target of this DOWNWARD movement is to reach $0.01900 - $0.01830 - $0.01780 - $0.01670 - $0.01550 - $0.01400
Invalidation above $0.02270
#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE#DEGENUSDT | 1 HOUR TIMEFRAME UPDATE
I expect that #DEGENUSDT will come to the zone of $0.03468 - $0.03260 (the grey area that you see on the chart). At that grey area, I am looking for confirmation to open a LONG position.
The target of this UPWARD movement is to reach $0.03700 - $0.03920 - $0.04200 - $0.04500 - $0.05000 - $0.05600 and maybe the Moon
Invalidation above $0.02900 ❌
DEGEN Ignited: Don't Miss Out on This Buy Trade!**Technical Analysis Chart Disclaimer:**
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**Technical Analysis Chart Disclaimer:**
The charts provided are for informational purposes only and should not be considered as financial advice. Trading in cryptocurrencies involves substantial risk, including the risk of losing your entire investment. Technical analysis is based on historical price movements and patterns, and past performance is not indicative of future results. Any decisions made based on these charts are solely at your own risk. It's crucial to conduct thorough research and seek advice from a qualified financial professional before making any investment decisions.
DEGEN NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that DEGEN has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
Following the trend in the coming time to see if its able to show new trend break.
Degen/usdt 4hThe candles are on the resistance line and under the cloud, this is not a good sign to climb
We see volume candles that are very weak. It means that the market is confused
We see the hanging men's candles and doji, which is not desirable at all
Tenkensen came to support and raise candles, but now is going to resist and suppress
The only positive sign is conjixen being flat, (i.e. waiting for tenkensen to raise the candles for him).
Degen - 0.618 Fib Bounce Could be a Bullish Move to the upsideThe concept of a 0.618 Fibonacci bounce, also known as the "Golden Ratio" or the "Golden Mean," is derived from Fibonacci retracement levels. These levels are used by traders to identify potential support and resistance areas. The 0.618 level is particularly significant because it is based on the Fibonacci sequence, where each number is the sum of the two preceding ones. This sequence is found in various natural phenomena, and some traders believe it also applies to financial markets.
When a financial instrument, such as a cryptocurrency or stock, experiences a significant upward or downward movement, traders often use Fibonacci retracements to identify potential levels where the price might find support or resistance. The 0.618 level is considered a strong support level, meaning if the price retraces to this level, it may bounce back and continue its upward trend.
