Last week pump added nice amount of volume in the coin.
However the coin couldn't hold the price.
Main Reasons Could be:
1. Pump and Dump by smart money.
2. Sell off by the weak hands.
The coin is still under the trend line .
With SHIB dumping, money already started moving the good coins and BTC .
Still, #DOGE is the HERO of MEME coin. It got history and the reputation.
Bulls have to take over soon, else a push to "0.00000210" could be expected.
Conclusion:
To take trade:
1. Wait for the Trend Line to be broken
2. Wait for pullback after break to check if the resistance turned into support.
That should keep you from chasing a falling knife :)
#DYOR
~CHEERS
However the coin couldn't hold the price.
Main Reasons Could be:
1. Pump and Dump by smart money.
2. Sell off by the weak hands.
The coin is still under the trend line .
With SHIB dumping, money already started moving the good coins and BTC .
Still, #DOGE is the HERO of MEME coin. It got history and the reputation.
Bulls have to take over soon, else a push to "0.00000210" could be expected.
Conclusion:
To take trade:
1. Wait for the Trend Line to be broken
2. Wait for pullback after break to check if the resistance turned into support.
That should keep you from chasing a falling knife :)
#DYOR
~CHEERS
