The hype train looks like it's coming to a stop with the appearance of Elon Musk on Saturday Night Live. Conservatively, I think we drop to the 0.618 in short order starting tomorrow, at the latest. This could fall out to the 0.382 or lower if you give it more than a week. 10:1 R/R looks easy enough if you get in close to $0.65.
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Don't miss the very obvious bearish divergence (RSI, 16 Apr to 5 May).
Trade closed: stop reached
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This one is priming to run a little more. I still believe in the short, but if we break out, would come from a higher level.
For any $1 ambitions, DOGE must stay clear above 0.65 today even 0.70 resistance must be broken.
Day/Night is young, we'll see what future brings. And I'm feeling positive about DOGE this weekend and beyond.
doctordrew77
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@guclumelek, might get a nice wick up *if* there's a DOGE-themed skit on SNL. That aside, I think we're topping out here.
No_name_Nn
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Well this was spot on for taking profits and if a fellow shorted at the same time they could've made a massive amount of money covering here and there to take profits on the way down or could've tried to yolo and time the bottom on May 18th around ~.20. Good job to everybody out there that sold near the top and also to the ones who shorted near the top. For how I am personally I prefer to short when theres panic selling, to me anyway, it seems that the money comes easier and faster on a good panic short.
tmhennessey
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Elon is pro doge. so what makes you think its going to drop? everytime he tweets it shoots up. so why do you think snl is going to make it go down?
Lawlawhahaokay
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@tmhennessey, maybe he means people sell to take profits after the SNL hype. And we happen to be reaching a lot of people's target price pretty soon, which is $1.
tmhennessey
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@Lawlawhahaokay, oh absolutely. def setting SLs as price goes up past 1$
doctordrew77
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@tmhennessey, there's a bearish div. in there if you'll notice. Have you watched one of these hype trains run before?
A guy like me, with near zero followers, has comments in minutes on his DOGE chart. Your response proves the hype for me. ;-)
Day/Night is young, we'll see what future brings. And I'm feeling positive about DOGE this weekend and beyond.