DOGE Consolidating at the 50.00% FIB 
2024-11-22



Hello dear memecoin degens! What a wonderful run from DOGE, the king of meme coins. I hope you're enjoying this!
Looking at the daily time frame, DOGE is consolidating around the 50.00% all-time Fibonacci level. It appears that the price may be forming a bull flag at this level, suggesting a potential breakout in favor of the bulls. However, nothing is certain until it actually happens.

For now, we wait for the price to make its move and simply follow along, just as we did on November 4th when I posted my idea about DOGE at the 78.60% Fib level (if you entered there, it would have been a great trade!). The system remains in a long trade, so for now, we have to wait for it to flip short before considering taking profits. Until then, we watch the action unfold.

Thank you for reading, and feel free to boost or comment.
Happy trading!
