Dogecoin: To Buy Or Not To Buy? Soon, A New All-Time High

Now, if you are a trader you only have one question, "Is the bottom in?" "Can I buy now?"

These are two questions but they are related.
If the bottom is in, you can buy. If you can buy, it is because the bottom is already in.

Well, there might be other questions, "Should I buy now?"
Very different, can I buy or should I buy...

If your question is the one with the 'should' then you might need to do some planning before moving ahead. If your question is related to the chart and the bottom being in, let me clear your doubts.

Trading volume is zero. We have a lower low with zero-dropping volume. This means that there is no bearish strength.

MA200 is working as support. It was pierced on a wick but the close happened above, 3-Feb. After this event the level remains untested. This means that the bears are not really active.

Buying or not buying will depend on your strategy.
You can buy and hold. If prices drop, you can wait patiently or buy more.

MA200 is matching perfectly the 0.618 Fib. retracement level in relation to the last bullish wave. This means that this a strong level. This level sits above 0.23000. As long as DOGEUSDT stays above this level, the bulls are good; we are green.

If it moves below, nothing changes, the bias continues bullish short-, mid- and long-term.

Regardless of what happens in the very short-term, prices are going up. Knowing this, it is more than ok to buy and hold.

That's just my opinion of course.

When the next bullish wave starts it will be the beginning of a new All-Time High. Keep this in mind.

It would be unwise to worry about 3 cents when in matter of months prices will be at their highest, ever.

Thank you for reading.

Namaste.