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HungawTrader
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$ANIME
Buy and Sell Order Depth.
Don't catch a falling knife 🔪
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ANIME
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$ANIME Update: Still too risky to enter long positions. 1. MAs are at strong downtrend in lower timeframes. 2. MACD is getting weaker in 1D timeframe. You may use 30 or 1H timeframe then draw a trendline like I did in the image below. Long positions will be lower risk once the price action holds a major support level and breaks the trendline. Watch closely the MAs in 1D timeframe for supports (price action usually respects the level of 50 MA). Stay level headed, read the charts like it tells you what is going to happen next. #Write&Earn
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The picture below from June 9 says everything about $ANIME Bullish/Bearish Divergence in 1D timeframe should not to be joke around.
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$ANIME Bearish divergence, Price getting higher high at 0.039 while RSI and STOCRSI getting lower low in 30mins and 1D timeframe.
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First wave target at 50 MA completed. A short pullback is expected as drawn in the previous post with Elliot Wave. If $BTC continues to hold strong, $SOPH will break above 50 MA on the next wave and the next major resistance to watch for is at 0.063.
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$SOPH forming Bullish double bottom at price level of 0.048. MACD reversed to green. RSI and STOCHRSI are getting bullish. 1st major resistance is at 0.054 (50 MA)$
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