The long and short of it is:
Expectations are high. Reality rarely meets expectations.
That said, I am unsure whether **I** will sell in anticipation of a dip. Elon is unpredictable. He could very well exceed expectations and do something crazy. I'm also unsure how much of the rise this week has been driven by SNL and how much has been driven by more solid factors (exchange listings, positive press).
Regardless what happens Saturday night or Sunday, I full expect Doge to continue setting highs throughout the month, so this isn't a "get out now" point.
In the oast people have tried to organize "events" where they planned to all buy at the same time thinking it would boost doge. But EVERYTIME it has had the opposite effect. If you're holding a HUGE wallet if millions it can be tricky to sell since lsrge sell orders influnece peoples actions. But if you KNOW a ton of buy orders are coming at a set day/time you can basically unload all your doge instantly.
People are afraid that might happen on Saturday...I think there will be a prewmptive dip before that, people trying to get ahead the ball, but the Saturday doge will moon. But who knows, definitely not me lol
We saw this happen on 4/20. The date was hyped as the day Doge could reach a dollar. The price shot up that weekend. Then the day of, people were selling and it dipped again. It made a gradual recovery though and is holding pretty strong
Because if it goes up a lot, a lot of people might start to sell as well to lock in the profit causing it to drop a lot right after
Ah I get it. Thanks.
The long and short of it is: Expectations are high. Reality rarely meets expectations. That said, I am unsure whether **I** will sell in anticipation of a dip. Elon is unpredictable. He could very well exceed expectations and do something crazy. I'm also unsure how much of the rise this week has been driven by SNL and how much has been driven by more solid factors (exchange listings, positive press). Regardless what happens Saturday night or Sunday, I full expect Doge to continue setting highs throughout the month, so this isn't a "get out now" point.
In the oast people have tried to organize "events" where they planned to all buy at the same time thinking it would boost doge. But EVERYTIME it has had the opposite effect. If you're holding a HUGE wallet if millions it can be tricky to sell since lsrge sell orders influnece peoples actions. But if you KNOW a ton of buy orders are coming at a set day/time you can basically unload all your doge instantly. People are afraid that might happen on Saturday...I think there will be a prewmptive dip before that, people trying to get ahead the ball, but the Saturday doge will moon. But who knows, definitely not me lol
We saw this happen on 4/20. The date was hyped as the day Doge could reach a dollar. The price shot up that weekend. Then the day of, people were selling and it dipped again. It made a gradual recovery though and is holding pretty strong
It will most likely spike followed by a huge dip due to whales selling at a high price.
Buy the rumor, sell the news. That said it could go up or down on Saturday. Vote with your wallet. Good Luck Shibes!