Degen

$Degen has been REALLY insane these past few days. 

With the host of exchanges Listing $Degen on both spots and perpetuals. This obviously resulted in the parabolic move of $Degen.

Right here with another analysis of mine which is ONLY for Educational purposes and Not Financial Advice. 

 $Degen made a local high of about $.036 and right about now, it can be seen in the 4H timeframe alongside its Relative strength index that $Degen has been OVERBOUGHT and also trading in an ascending triangle with the corrective wave being imminent. This corrective wave with all things being equal could send us around $.022-.023.

As soon as the corrective wave ends, we could see a rally back to its initial resistance of around $.029-0.30.
In an event where this resistance gets broken, we could however see a massive run to around $.049.

Remember, this is ONLY valid where market conditions are stable and where the fundamentals favor it. 

⚠️ DYOR. NFA
ONLY FOR EDUCATIONAL PURPOSES.

Hat stays on.
Gm 💜🎩

So far, it can be deemed that the trend line is Valid…

Let’s see how valid the set up’s going to be eventually. 

Don’t shoot the messenger 😅

⚠️NFA. DYOR.

I cast what I want. You love what I cast. We’re both happy 🙂‍↔️❤️

I am so excited to see that the trend line is valid so far! I can't wait to see how everything plays out in the end. People need to remember not to shoot the messenger, we're all just trying to navigate this crazy world of trading together. #excited #trendline #valid #tradingjourney 🚀📈