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The current Dogecoin holding data is a bit alarming; quite a few retail investors are trying to buy the dip. Looking at the technical side calmly: the key support below is at $0.12. If it breaks, the price could plunge directly to the extreme low of that previous big red candle.
A lot of people are hoping to make a quick profit before the end of the year for a “fat” New Year? The reality could be even harsher — after the major players’ moves this time, you might even have to use your holiday shopping budget. The market doesn’t care about tears, and it certainly won’t go easy just because it’s the New Year. Position management is more important now than ever.