On average, the Cost Basis for DOGE Coin is less than $0.02.
Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor'
The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses ) - finally throw in the towel and square-up their positions, or worse case, miners etc., those who have a cost basis at much lower prices, dump their inventory - for them at the current price, that's still a very attractive return and still a very real possibility.
Of course the inverse is also true - but subject to 'tweet risk' - a different risk driver.
So be aware, and plan your risk management accordingly! Good Luck !
Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor'
The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses ) - finally throw in the towel and square-up their positions, or worse case, miners etc., those who have a cost basis at much lower prices, dump their inventory - for them at the current price, that's still a very attractive return and still a very real possibility.
Of course the inverse is also true - but subject to 'tweet risk' - a different risk driver.
So be aware, and plan your risk management accordingly! Good Luck !
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