PolyDoge review (memecoin)

26 apr 2023

First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it.
This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time.
I would never put my life savings in such a place...

Asterisks aside, let's get to the analysis.

A brief introduction
PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops.
Source: Polydoge website

Price analysis
Price is above a diagonal support line.
If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line.

Looking at a lower timeframe, we could place a tighter stop or target:


"There is no expensive stop, what exists is bad risk management".

26 set 2023

Trade chiuso: stop raggiunto