Last week pump added nice amount of volume in the coin.
However the coin couldn't hold the price.
Main Reasons Could be:
1. Pump and Dump by smart money.
2. Sell off by the weak hands.
The coin is still under the trend line .
With SHIB dumping, money already started moving the good coins and BTC .
Still, #DOGE is the HERO of MEME coin. It got history and the reputation.
Bulls have to take over soon, else a push to "0.00000210" could be expected.
Conclusion:
To take trade:
1. Wait for the Trend Line to be broken
2. Wait for pullback after break to check if the resistance turned into support.
That should keep you from chasing a falling knife :)
#DYOR
~CHEERS
However the coin couldn't hold the price.
Main Reasons Could be:
1. Pump and Dump by smart money.
2. Sell off by the weak hands.
The coin is still under the trend line .
With SHIB dumping, money already started moving the good coins and BTC .
Still, #DOGE is the HERO of MEME coin. It got history and the reputation.
Bulls have to take over soon, else a push to "0.00000210" could be expected.
Conclusion:
To take trade:
1. Wait for the Trend Line to be broken
2. Wait for pullback after break to check if the resistance turned into support.
That should keep you from chasing a falling knife :)
#DYOR
~CHEERS
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.