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$BEAT is here! Brother Liang is going to lay out the doge dealer script for you, it’s all legit, and once you watch it, you'll know how to open your positions!
Direction: Long! Just do it!
Current Situation: The dealer is pulling while washing out, the shorts are just giving away their heads.
Dealer's First Step: Break the previous high of 1.458, wipe out all the short-term shorts.
Target Price: 1.48-1.5. This pump is to blow the heads off those shorting at the top, while also attracting trend followers to enter and test the overhead resistance.
Second Step: Shake out the weak hands, then pump again, aiming for 1.7.
Target Price: 1.6-1.7. The main uptrend on the 4-hour chart is still intact, and the daily chart has strongly broken out. As long as the dealer's chips aren't all out, hitting a new high is highly probable.
Bottom Script: Even if they dump, the dealer won’t let you break below.
Strong support is at 1.35-1.37, which is near the EMA25 on the 1-hour chart. Even if the dealer shakes things up, they will pump back up to this level, or else their own trend will be wrecked.#TradfiTradingChallenge