Mochi was suffering from a dead cat bounce (use 4 hr and above) and as learning also when to buy on these dips because it's damm tricky, the best time seems when it going sideways, less wicks at the top and see those three fan trendlines, the third white line trend when to wait to buy and get back in
I use Fib extensions (An extension greater than 1 - check further support or resistance) to pick two bottom likely calls.
First fib on left side before reaching the top and afterwards on the downside to see a good likely Fib extension
The first fib level drawing from bottom to top is at 1.272 level around the price $0.0000214541 US
The second fib level drawing from bottom to top is at 1.681 level around the price $0.0000207571
From the two fib levels shown from the first dead count bounce on the right side to wait until we get to those price levels because a dead cat bounce most likely go pass the fib extension level of 1 or more. We look for 1.272 level and 1.681 level to learn to WAIT and not do anything until the bottom level pretty much confirm
7 pointers on how to wait on the 4 hr chart or higher timeframe for a dead cat bounce, when to buy back in
* Fib extension level 1.272 and 1.681 to get in a good price so we learn to simply WAIT and not be EMOTIONAL on the buys
* 8 day moving average (orange) about to get close to the 21 day moving average (yellow)
* Going sideways now
* Volumes picking up much higher on the buys now than before
* Less spikes at the wicks on the top as see from left to right of the chart (very important), showing sellers are exhausted
* Break the third fan trend lines as shown on the graph
* Last pointer but not mention here using a combine signal like Oscialltor to measure momentum to go below 20 or more on 4 hr chart or higher. We follow rules to learn to WAIT and not buy all over the place
Need more than one signal to confirm it's a good time to buy on a dead cat bounce trade. These trades are so tricky and how many times we get caught with our pants down bouncing even lower and lower and all you can do is wait. Hope my timing is not far off this call
I use Fib extensions (An extension greater than 1 - check further support or resistance) to pick two bottom likely calls.
First fib on left side before reaching the top and afterwards on the downside to see a good likely Fib extension
The first fib level drawing from bottom to top is at 1.272 level around the price $0.0000214541 US
The second fib level drawing from bottom to top is at 1.681 level around the price $0.0000207571
From the two fib levels shown from the first dead count bounce on the right side to wait until we get to those price levels because a dead cat bounce most likely go pass the fib extension level of 1 or more. We look for 1.272 level and 1.681 level to learn to WAIT and not do anything until the bottom level pretty much confirm
7 pointers on how to wait on the 4 hr chart or higher timeframe for a dead cat bounce, when to buy back in
* Fib extension level 1.272 and 1.681 to get in a good price so we learn to simply WAIT and not be EMOTIONAL on the buys
* 8 day moving average (orange) about to get close to the 21 day moving average (yellow)
* Going sideways now
* Volumes picking up much higher on the buys now than before
* Less spikes at the wicks on the top as see from left to right of the chart (very important), showing sellers are exhausted
* Break the third fan trend lines as shown on the graph
* Last pointer but not mention here using a combine signal like Oscialltor to measure momentum to go below 20 or more on 4 hr chart or higher. We follow rules to learn to WAIT and not buy all over the place
Need more than one signal to confirm it's a good time to buy on a dead cat bounce trade. These trades are so tricky and how many times we get caught with our pants down bouncing even lower and lower and all you can do is wait. Hope my timing is not far off this call