A 16-year-old genius trader’s weekend market analysis


So far, the market structure is no different from yesterday’s analysis. DOGE still maintains a large-scale triangle convergence and choppy range movement. BTC still maintains a large-scale inverse head-and-shoulders bottom formation, and neither has broken out yet.
DOGE weekend market analysis: There’s no breakout with increased volume above 0.075. Suggest buying on a pullback around 0.072. If it breaks above 0.075 with increased volume, and then the pullback does not break, then buy at that point. The range-trading situation is unclear, so it’s not recommended to open positions in the middle of the range. I’d rather stay in cash than fail to overcome myself.
BTC weekend market analysis: Don’t go long before there’s a breakout with increased volume above 65,000. After a breakout above 65,000 with increased volume, only go long if the subsequent pullback does not break. It’s not recommended to trade at mid-range levels. I’d rather stay in cash than fail to overcome myself.
DOGE: entry 0.072, take profit 0.0796–0.082, stop loss 0.07
BTC: entry on pullback 64,500, take profit 67,000, stop loss 63,500
Small stop loss to chase bigger profit
DOGE1.56%
BTC0.67%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned