No pullback after a strong rally means DOGE will continue to WOW
It is normal to expect a pullback after a strong rally as momentum-driven buy orders abate and some traders begin to take profits.
In fact, the extent of subsequent pullback and its time frame is used to predict the timing and extent of the subsequent rally.
After rallying 62% from the low of $0.42 to the all-time high of $0.69 (no pun intended) in 10 hours, DOGE price has stabilized between $0.66 and $0.68 for 8 hours now without any substantial pullback.
DOGE army remains committed, no one is selling out.
Considering its recent and YTD performance, traders, who missed the incredible rally, or sold early are waiting for a pullback to buy DOGE.
I interpret this price action as bullish (possibly because I am long). No pullback after a rally means another rally is coming.
In fact, the extent of subsequent pullback and its time frame is used to predict the timing and extent of the subsequent rally.
After rallying 62% from the low of $0.42 to the all-time high of $0.69 (no pun intended) in 10 hours, DOGE price has stabilized between $0.66 and $0.68 for 8 hours now without any substantial pullback.
DOGE army remains committed, no one is selling out.
Considering its recent and YTD performance, traders, who missed the incredible rally, or sold early are waiting for a pullback to buy DOGE.
I interpret this price action as bullish (possibly because I am long). No pullback after a rally means another rally is coming.
