I don't have the ability to short Doge on Kraken but I like to watch for potential entries. I like the Fib retracements that I see. The pick line is 100% extension of XA which is a a possibility of price movement, but no guarantee. If price respects the pattern, and pushes down towards the end of the pink line I will be looking for new entries Long.
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I couldn't short this trade. However, I am glad I didn't. The entry wasn't solidly hit before going lower and then it blew this pattern away. I am not sure if Tesla buying BTC might have moved this with the already bullish hype and sentiment. I am still looking for solid R:R entry points for long positions but I have seen so many drops after pumps. This does remind me of some BTC moves of the past.