Back to updates for the DOGE fans. Many people have been asking even though it's clearly shown in the image.
Doge is the number 1 meme token and the first meme to apply for a spot ETF. When capital flows in, the price increases; if demand rises, supply will increase accordingly.
In the chart below, there is a CURRENT entry where you can buy and hold until mid-September or late September. I'm just saying you can buy; when to sell is up to you. Profits can be taken based on personal discretion and individual greed depending on each person's capital.
1. Doge will definitely be approved for an ETF because if it were rejected, funds and market teams would not have accumulated stock for the past 3 days (ONCHAIN DATA).
2. Indicators on larger time frames all suggest a potential price spike in the short term.
3. Usually, before tokens like BTC, ETH, SOL are approved for an ETF, they tend to surge; this is called buying the rumor.
When the price spikes before the ETF approval news, you need to sell; this is called selling the news.
The DOGE trade carries no risk with spot in this uptrend.
How much profit depends on your understanding.
If not, just look at the chart.
And remember that what I write is just personal opinion and not investment advice.
Doge can be considered a safe token to hold, aiming for around 20-50% profit, and if there's a surge, it could be 70-80% or more.
Do your own research and make your own decisions, everyone.
Thanks!
