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 !
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.