$DOGE just suddenly surged, can we chase at this time?
When encountering such a situation, a violent breakout accompanied by a large trading volume, it feels like a surge in the market has begun. However, at this moment, we need to remain calm and not rush to chase it, because a significant reason is that the manipulators may be unloading their positions at this time.
At that moment, if it is just a violent breakout, the trading volume would remain unchanged or have very small fluctuations, then in such a case, we could consider chasing it. However, since this violent breakout is accompanied by huge trading volume, we should not rashly chase it.
Sometimes it's better to let the bullets fly for a while, look at the fifteen-minute chart; rapid rises and falls may not necessarily be sustainable. Of course, this is just a short-term analysis; in the long term, I still see potential in DOGE.
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