13th issue of Baibi Analysis Babydoge$1MBABYDOGE

The number of meme baby dogs on BSC is astronomical, and the number of destroyed is also astronomical. With his fee repurchase mechanism, the number will be less and less, but please note that the coin will not be valuable because of destruction or small number. What is valuable is the popularity, consensus and application

1 Background: The background is also quite strange. It is derived from the Dogecoin code. Musk is known as the father of Dogecoin. This should be Musk's grandson. BNB is hot recently. I wonder if it can bring a wave of memes

2 Trend: The regularity is like a trap. The long upper shadow line is like a timed refresh. As shown in the February line chart, the support is almost stepped on every time it falls. If it is not stepped on this time, it will be pulled up. The safer way is to wait for the retracement to enter more. At present, the daily line is suppressed by the resistance level of 207, and a downward momentum has been formed. , the support of 878 that has been stepped back many times, waiting for the fall back to 1 to start, short-term bearish and long-term bullish, Figure 1, purple is the best position, because the current stop loss is very large, consider adding a self-selected wait-and-see, whether to stand on the resistance first or step back on the support, you can operate at that time

3 Risks: After studying for a long time, I didn’t find any practical effect on the nft ecosystem, and then donated money to rescue 🐕. The official is like hanging up, regularly injecting chicken blood, and then regularly destroying. The mechanism has destruction and distribution, but you can’t blindly think that the price will be high if the number is small. It is a lack of practical application. The meme heat will always pass. If you don’t seek diversified development, you will eventually be eliminated

Summary: Trend rules, strong support, destruction and distribution, active community, high heat, small market value

Comprehensive index 5⭐$1MBABYDOGE

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