$DOGE Down 89% From the Peak. Last Stand at $0.0775?
DOGE is near $0.078, down about 20% in a month. Dogecoin Labs is adding payment tools, but price hasn't reacted.
Support: $0.0775
Resistance: $0.0800, then $0.0875
Bull: reclaims $0.0800, then $0.0875 and $0.098.
Bear: loses $0.0775, then $0.0745 and lower.
TRADE IDEA
Entry: $0.0770-$0.0785
Stop: daily close below $0.0745
Target: $0.0800-$0.0875
Risk/reward: about 3:1
RISKS
• Bitwise closed its DOGE ETF on Oct 14
• No supply cap, with about 5B new DOGE a year
• Meme coin with no revenue, and it moves with Bitcoin
MY TAKE
Cheap doesn't mean bottom. Buy support with a tight stop, don't chase. Patience beats FOMO.
Would you buy the dip or stay out?
Not financial advice. DYOR.
#DOGE
$DOGE
DOGE is near $0.078, down about 20% in a month. Dogecoin Labs is adding payment tools, but price hasn't reacted.
Support: $0.0775
Resistance: $0.0800, then $0.0875
Bull: reclaims $0.0800, then $0.0875 and $0.098.
Bear: loses $0.0775, then $0.0745 and lower.
TRADE IDEA
Entry: $0.0770-$0.0785
Stop: daily close below $0.0745
Target: $0.0800-$0.0875
Risk/reward: about 3:1
RISKS
• Bitwise closed its DOGE ETF on Oct 14
• No supply cap, with about 5B new DOGE a year
• Meme coin with no revenue, and it moves with Bitcoin
MY TAKE
Cheap doesn't mean bottom. Buy support with a tight stop, don't chase. Patience beats FOMO.
Would you buy the dip or stay out?
Not financial advice. DYOR.
#DOGE
$DOGE
