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Tuan Khoa
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$DOGE Analysis is only a verb when MM and various types of 'whales' participate in the market.
As for yesterday's drop of $DOGE (completely contrary to my prediction), I can preliminarily observe that this time is not much different from the previous time, but there is one small detail that this drop seems not as deep as the previous one, indicating that $DOGE has attracted a significant number of buyers, allowing the price to hold the resistance level UNTIL NOW. The two drops when the price is about to 'leave the runway' show that this coin is becoming a product that has gained the trust of the majority, especially MM and various types of whales, and because trust is one of the core elements that create the market, I will still maintain my view that #dogecoin will continue to rise in price.
2 drops <=> 2 market tests, observing reactions about trust, psychology; if this time the crowd has enough belief that the price will rise (shown through buying force and price line), MM will be ready TO THE MOON with #Doge creating market FOMO, but if there is not enough support at the current price range, the price may continue to drop again to seek sufficient liquidity to push the price up.
Conclusion: because I am not part of the crowd, when MM participates in the market, I will stand outside and observe, or if possible, I will follow MM's direction, not trying to confront. After 2 tests, it can be seen that #Doge has attracted more new buyers, affirming that many people believe that the price of #Doge will increase, so if HYPOTHETICALLY you are MM, what would you do?
- Hold this pile of coins at a good price, does that sound reasonable?
As for yesterday's drop of $DOGE (completely contrary to my prediction), I can preliminarily observe that this time is not much different from the previous time, but there is one small detail that this drop seems not as deep as the previous one, indicating that $DOGE has attracted a significant number of buyers, allowing the price to hold the resistance level UNTIL NOW. The two drops when the price is about to 'leave the runway' show that this coin is becoming a product that has gained the trust of the majority, especially MM and various types of whales, and because trust is one of the core elements that create the market, I will still maintain my view that #dogecoin will continue to rise in price.
2 drops <=> 2 market tests, observing reactions about trust, psychology; if this time the crowd has enough belief that the price will rise (shown through buying force and price line), MM will be ready TO THE MOON with #Doge creating market FOMO, but if there is not enough support at the current price range, the price may continue to drop again to seek sufficient liquidity to push the price up.
Conclusion: because I am not part of the crowd, when MM participates in the market, I will stand outside and observe, or if possible, I will follow MM's direction, not trying to confront. After 2 tests, it can be seen that #Doge has attracted more new buyers, affirming that many people believe that the price of #Doge will increase, so if HYPOTHETICALLY you are MM, what would you do?
- Hold this pile of coins at a good price, does that sound reasonable?
See original
$DOGE continues at the 8h frame today with strong cash flow pouring in, maintaining a volume above 500m plus the previous price breakout, it is expected that the price today has the potential to grow close to the 0.5 mark if it maintains the current growth rate, I value Doge at 150B so entering now still seems reasonable to me
#doge
#doge
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This time, many of you are at the peak, so it may be possible to close the 8-hour candle on the H1 frame first before it can soar, or there might also be a possibility that MM creates FOMO, so be careful.
53799947502
53799947502