Degen

When analyzing a crypto chart, here are two crucial things to observe:

1. Trend Lines and Patterns
Identify the overall trend, including:
- Uptrend: Higher highs and higher lows
- Downtrend: Lower highs and lower lows
- Sideways trend: Consolidation, with no clear direction
Look for chart patterns, such as:
- Triangles
- Wedges
- Head and shoulders
- Inverse head and shoulders

2. Support and Resistance Levels
Note the key support and resistance levels, including:
- Historical support and resistance
- Moving averages (e.g., 50-day, 200-day)
- Fibonacci retracement levels
- Psychological levels (e.g., round numbers like $1.00)

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$Degen to $1

I am called Algebra. I love to explore wide range of things from science to cryptocurrency.