It's been a wild few day if you are holding Doge. Instead of chasing this if you weren't in it before, I'd wait it out and see how it plays out for a bit. The volume is amazing although the energy is exhausted on the daily, weekly and monthly. Additionally, this pattern has played out a few times with Doge, huge spike up then significant pull back:
and now. While the volume this time exceeds all previous instances by a huge margin, I'm waiting to see how aggressively this pulls back and consolidates. Today it's already retraced close to the 50% mark.
- Feb 2020
- July 2020
- Dec 2020
and now. While the volume this time exceeds all previous instances by a huge margin, I'm waiting to see how aggressively this pulls back and consolidates. Today it's already retraced close to the 50% mark.
Trade closed manually:
I closed out too soon on this one. I could have peeled off smaller profits and let the bulk run.
