First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it. This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time. I would never put my life savings in such a place...
Asterisks aside, let's get to the analysis.
A brief introduction PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops. Source: Polydoge website
Price analysis Price is above a diagonal support line. If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line.
Looking at a lower timeframe, we could place a tighter stop or target:
"There is no expensive stop, what exists is bad risk management".
appears you got played on this one. bought in during bear market rode it down to stop then pops 2 days later starting bull market......nice colorful chart tho
dre60
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like the chart
OKX
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Great chart! Thanks for participating in the okxideas contest! Good luck!