DOGE has been in a significant downtrend and is potentially looking to breakout to the upside.
We have to be aware that this is a counter-trend trade being in a downtrend, however, since we are keeping our stop loss tight it is worth the risk for a high probability trade.
Up to you to decide whether you wait for confirmation of the breakout before entering or...
I'll be honest, idk wtf a shibe is. The whole Dogecoin scene seems fun though, and people are actually using it so that's cool. Crypto as a whole seems to be okay, so I'm looking here for a small play as things looks oversold.
Based on technical indicators, DOGE history, and an increase in volume, DOGE will find itself at .0017 in coming days. Since there is more volume this time around, it may even go higher (Back to .002+ levels).
Opportunity:
-Doge is old and technically similar/fork to BTC and LTC.
-Investors are biased "can money be funny?" - Money should be popular/well distributed. Micropayments should be funny. You prefer a big lovely community or a small greedy one?
-Doge got low transaction fees to enable Micropayments, which are not feasible with BTC or LTC
-Doge is popular:...
