Lower cost basis line being tested and at the moment respected!
No great churn or capital replacement evidenced (refer to the lower oscillator) This means a couple of things:
- the 'crowd' is not yet chucked-in the towel and given up on Doge
- cost basis for these traders is at or around breakeven / underwater (about of Doge's 10% capitalisation)
- there appears to have been a controlled liquidation underway / the bid hasn't been hit aggressively by 'panic'ed sellers' - yet!
If you are going long on the those wicks at the bottom - just be cautious and use common sense. Which means:
- exposure management
- understand downside potential (the bottom line)
Good luck :)
#Doge #RiskManagement
No great churn or capital replacement evidenced (refer to the lower oscillator) This means a couple of things:
- the 'crowd' is not yet chucked-in the towel and given up on Doge
- cost basis for these traders is at or around breakeven / underwater (about of Doge's 10% capitalisation)
- there appears to have been a controlled liquidation underway / the bid hasn't been hit aggressively by 'panic'ed sellers' - yet!
If you are going long on the those wicks at the bottom - just be cautious and use common sense. Which means:
- exposure management
- understand downside potential (the bottom line)
Good luck :)
#Doge #RiskManagement
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.