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CL-20
Apr 20, 2021 3:58 PM

DOGE - Might get some grief for this one. 

Dogecoin / TetherUSBinance

Description

Pros
  • Heavy media coverage
  • Eleon Musk
  • FOMO


Cons
  • Selling Volume increasing
  • FOMO
  • Lots of new Crypto users who are more prone to panic sell and not HOLD
  • RSI weakening
  • Huge sell wall before $1. I.E everyone thinks it could get to $1 so I'll set a limit at 95c, 90c, 80c etc.
  • Holders who have made big profits will cycle into other alts


I would wait to see if we can hold the lower support level. If it can, then a few more tweets and media coverage could pump this up to the magic level.

Set stop losses...
Comments
CL-20
Be very careful. Doge is up but with low vol.
I would suggest waiting!
CL-20
Just remember that if it fails to find support at 21c, then that's very bad news..
If it holds this level and moves sidewise for a bit, then we could be in a holding pattern to another big pump.
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