DOGE is just barely holding to the inside of the upward trending green ellipse. But it has the yellow and blue ellipses it has also been bouncing off of. It remains to be see if it can break up through both of those ellipses to continue up unabated (green arrow), or get caught up and eventually continue (orange arrow) up or down from there, or get completely rejected and dump (red arrow). I think the next 3-6 hours should prove interesting either way.
would you say this fake run proved the break to the upside or the oppsite?
PFunk420
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@paulase123, hard to say - i'd want to wait to see what it does on retrace - if it bounces off the green ellipse resistance or falls through. But it is an encouraging sign. All that being said, I fully expect it to drop hard at some point on or around Saturday, once the hype of SNL has worn off. So, I'll be looking for an appropriate time to abandon ship. :)
PFunk420
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Fwiw, I am viewing DOGE as a fun diversion until the SNL airing. I have about $12 invested at 5X margin from $0.535. So either way it goes, I’ll either be out $12, or up $40-50. I’d personally be very wary of committing any significant investment in DOGE at this time, but that’s my risk aversion. DYOR.