DOGECOIN - where is the limit?
Elon Musk will save your funds? I don't think so!
Analysis:
Doge is one of the most trending coin on the market and it has some more potential to grow since the "DOGEFAM" community is in an exponential growing tendency. The main goal of the DOGE community is to reach the 1/coin level. If you are planning to invest into DOGE, or you are already own a "bag" of DOGE you need to take into consideration that the market will became choppy once the large speculators will exit the market. It will come a day when buying the dip will fail, and there will be a sudden crash on the market. I
also think that the market will turn back before reaching the 1$ level, somewhere around 0.95$, so I advise you to get out from the market sooner than later in order to keep your funds/profits safe. If you are planning to go long on DOGE there is an opportunity to make a low risk reward trade, buying around the 0.40$ level with a stop loss of 0.35$ + exit plan around 0.95$. ( potential 130% profit ).
Do not forget the fact that this kind of an exponential growth needs a stable supply-demand curve to be sustained on the long run. Once the demand cannot overperfom the supply, the whole smoken mirror mirror speculative game will collapse. If everyone wants to exit at 1$, you need to exit around 0.90$ to find somebody who believes that the price will go above 1$...
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community.protradersnetwork.com/...
#forextrader #forex #forextrading #forexsignals #forexlifestyle #trading #money #cryptocurrency #trader #bitcoin #forexmarket #forexlife #technicalanalysis #stockmarket #forexanalysis #forexmentor #daytrading #forexgroup
Analysis:
Doge is one of the most trending coin on the market and it has some more potential to grow since the "DOGEFAM" community is in an exponential growing tendency. The main goal of the DOGE community is to reach the 1/coin level. If you are planning to invest into DOGE, or you are already own a "bag" of DOGE you need to take into consideration that the market will became choppy once the large speculators will exit the market. It will come a day when buying the dip will fail, and there will be a sudden crash on the market. I
also think that the market will turn back before reaching the 1$ level, somewhere around 0.95$, so I advise you to get out from the market sooner than later in order to keep your funds/profits safe. If you are planning to go long on DOGE there is an opportunity to make a low risk reward trade, buying around the 0.40$ level with a stop loss of 0.35$ + exit plan around 0.95$. ( potential 130% profit ).
Do not forget the fact that this kind of an exponential growth needs a stable supply-demand curve to be sustained on the long run. Once the demand cannot overperfom the supply, the whole smoken mirror mirror speculative game will collapse. If everyone wants to exit at 1$, you need to exit around 0.90$ to find somebody who believes that the price will go above 1$...
Consider to join our community to get more of this kind for Free.
community.protradersnetwork.com/...
#forextrader #forex #forextrading #forexsignals #forexlifestyle #trading #money #cryptocurrency #trader #bitcoin #forexmarket #forexlife #technicalanalysis #stockmarket #forexanalysis #forexmentor #daytrading #forexgroup
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