DOGECOIN - We have seen a sharp decline in the price of this cryptocurrency from last few days and the possible reasons which has been published on various articles are related to Dogecoin’s unlimited supply, high Dogecoin mining levels and a lack of technical development for this cryptocurrency.
Somehow, I do agree with the reasons for the fall but the volume analysis and the potential insider movements is telling a whole new different story. A sudden jump after a volume pick and then a sharp declines is the things which we are now aware about, But I still advice you all to just take position on the fund you can afford to lose as it's a high speculation game now, I am updating about this crypto after a lot of you guys messaged me to say a word and post something on it.
My trading an investment approach will be a buy here at 0.2815
Maintain stop loss around 0.2054
Potential upside target 0.6040 ( it's a big up move target positionally, do book your profits on regular interval )
Hope this analysis help you in your decision.
Hit the like button and write in the comment section, Thanks
Somehow, I do agree with the reasons for the fall but the volume analysis and the potential insider movements is telling a whole new different story. A sudden jump after a volume pick and then a sharp declines is the things which we are now aware about, But I still advice you all to just take position on the fund you can afford to lose as it's a high speculation game now, I am updating about this crypto after a lot of you guys messaged me to say a word and post something on it.
My trading an investment approach will be a buy here at 0.2815
Maintain stop loss around 0.2054
Potential upside target 0.6040 ( it's a big up move target positionally, do book your profits on regular interval )
Hope this analysis help you in your decision.
Hit the like button and write in the comment section, Thanks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.