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Funky Nerd
@FunkyNerd
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funkynerd.btc | funkynerd.eth | funkynerd.sol | Entrepreneur | Developer | Foundyarrr: @Block_Pirates | Art |Crypto
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Joined October 2017
Price Rejection: The price dropped significantly during the trading period but was rejected at lower levels, closing near or at the opening price. This suggests that there was strong buying pressure at lower prices, pushing the price back up. Bullish Sentiment: It can be seen as a bullish signal, especially in a context where the broader market sentiment is positive. The long lower wick shows that sellers tried to push the price down, but buyers stepped in, supporting the price and potentially indicating a continuation of an upward trend. Volatility: It reflects high volatility within the trading session, where the price action saw significant movement but ended close to where it started. However, interpretations can vary based on broader market conditions, volume, and subsequent price action. False Signals: In some cases, especially with memecoins known for high volatility and less fundamental backing, such patterns might lead to false signals. Traders should look for confirmation through other indicators or patterns before making decisions. Market Manipulation: Given the nature of memecoins, where pump and dump schemes can be prevalent, a long lower wick might also result from coordinated buying and selling to manipulate the price.
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I remember Elon’s very 1st tweet/ post on #Doge back in 2021 which followed the Stonks craze in GME and I just knew something unprecedented was about to take place in crypto… what followed in April of the same year was just incomprehensible… From that to now Elon officially posting #Doge on behalf of the US government is just insane! 😆 So what next from here? The US government adopting $Doge or Elon using Starlink to post #Doge from Mars next? Anything is possible with Elon lol
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This will not end well.. come to your senses people, and come to the mother chain #Bitcoin
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RT @LeonidasNFT: I'm trying to get a bit more liquid so just listed Ordinal inscription #53 "The Original Bitcoin Logo" for 1 BTC on ME and…
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