DOGE PENGU AND BONK ARE ALL OVERSOLD AT THE SAME TIME
Meme majors are washed out today
Dogecoin is down 4 percent near 8 cents with 73 million in volume
Pudgy Penguins is down 5 percent under 1 cent and still trending on CoinGecko searches
Bonk is down 6 percent at a tiny fraction of a cent
The whole meme sector lost almost 5 percent which is the kind of flush that sets up sharp bounces
Top 3 coins on my radar are $DOGE $PENGU and $BONK
DOGE has the deepest liquidity so it bounces first when sentiment turns
PENGU has the strongest community bid and trending searches which matters for memes
BONK is the highest beta and will move the most in either direction
Trade signal on DOGE
Entries at 8 cents with room to add near 7 cents
Targets at 10 cents then 12 cents
Stop under 7 cents on a daily close
This is a counter trend bounce trade so keep it tactical
My take as an analyst
Memes are pure sentiment and sentiment just hit fear
The Fear and Greed index dropped to 56 from 80 last week
That rotation from greed to fear is usually where meme bounces start
I like DOGE for the safest bounce and BONK for the wildest one
Which meme bounces hardest from here in your view?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Meme
Meme majors are washed out today
Dogecoin is down 4 percent near 8 cents with 73 million in volume
Pudgy Penguins is down 5 percent under 1 cent and still trending on CoinGecko searches
Bonk is down 6 percent at a tiny fraction of a cent
The whole meme sector lost almost 5 percent which is the kind of flush that sets up sharp bounces
Top 3 coins on my radar are $DOGE $PENGU and $BONK
DOGE has the deepest liquidity so it bounces first when sentiment turns
PENGU has the strongest community bid and trending searches which matters for memes
BONK is the highest beta and will move the most in either direction
Trade signal on DOGE
Entries at 8 cents with room to add near 7 cents
Targets at 10 cents then 12 cents
Stop under 7 cents on a daily close
This is a counter trend bounce trade so keep it tactical
My take as an analyst
Memes are pure sentiment and sentiment just hit fear
The Fear and Greed index dropped to 56 from 80 last week
That rotation from greed to fear is usually where meme bounces start
I like DOGE for the safest bounce and BONK for the wildest one
Which meme bounces hardest from here in your view?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Meme