(part 4)

DOGE COIN'S PERSPECTIVE 🪙

What I share here is based on my experience as well as personal knowledge, it is not investment advice or an attempt to pull anyone to invest with me.

We will review the chart of doge coin on a larger time frame, which is the weekly frame, with the strong growth of doge coin starting from September to the present, having increased by up to 350%. With such an upward momentum, you can see a bit of stagnation; the major reason and minor reasons can help you understand the sudden price increase of $BTC recently, which has created a wave of FOMO.

Currently, Bitcoin is on a downward trend, so I believe that with a wave of increase in doge coin, there will be some downward adjustments, and the range of the downward adjustment will be relatively large.

You can see that the buying and selling pressure is narrowing and significantly decreasing compared to the previous time when the upward momentum was developing.

Therefore, I will use a favorite tool here, which is Fibonacci; I will calculate from the last point to the first point of the upward wave to consider where the price might retrace.

Retracement point 250: additionally, you can look at momentum indicators and see that RSI is still quite high. If waiting for RSI to return to the oversold area, it might be reasonable to wait at 269-231 in the long term.

As for H4, it is still in a relatively strong upward phase, and the RSI here is approaching the oversold area, so an early adjustment will be around 305-300.

So these are the levels that I think you can wait for in the upward wave of meme coin.

And I advise everyone to stay calm and wait, and only follow that wave.