As I'm learning more indicators and how they can alert you to not buy at the high, I wanted to share this chart. Notice after the first peak at .39 (ignoring the previous wick), the next peak (it's reattempt at the last high because people missed out and wanted to get in in case it kept going up) that, although the price reached .42 creating a double top, the MACD, ROC, and Momentum all showed a bearish divergence because they went down even though price went up. Those are three indicators that all agree that a pullback is coming. So if you had entered on the last peak hoping it would keep going up, only to realize that the price went down and came back up allowing you to get out, that's your chance to cash out and wait for the next uptrend.
In yellow are the signals that should have alerted you to sell. Green are indicators that it may be time to buy. When a lot of indicators start agreeing, then there's an obvious uptrend as long as you can draw a trend line on the chart and they all agree. If it was me, I would have bought back in at around $.24. I'm not trading DOGE right now. If you are, just have fun, pay attention to indicators, and if you're afraid of buying at the high, check your indicators!
Right now it looks like DOGE may be reattempting previous highs on a slow, healthier climb back up to $.40 or so.
In yellow are the signals that should have alerted you to sell. Green are indicators that it may be time to buy. When a lot of indicators start agreeing, then there's an obvious uptrend as long as you can draw a trend line on the chart and they all agree. If it was me, I would have bought back in at around $.24. I'm not trading DOGE right now. If you are, just have fun, pay attention to indicators, and if you're afraid of buying at the high, check your indicators!
Right now it looks like DOGE may be reattempting previous highs on a slow, healthier climb back up to $.40 or so.