The second pump wave is insane. How many traders sat in front of their screen and thought they screwed up when the first dip happened. And then it starts all over again and goes even more nuts. That's a lot of money that has been sucked up by DOGE and the volume seems to be quite healthy, but once the volume goes down, oh oh who knows what's going to happen.
When you are investing when the coin is pumping you need to be glued in front of the system in order to take positions according to the changing sentiments if not you would end up loosing big. I wont be daring to invest in any coin right now as the price is rallying at an all time high in almost all of the coins and you never know when the market goes into a major correction mode.
In the case of DOGE that's correct. If I were to take a big position in DOGE I wouldn't leave my screen for a second and rather get out again with a decent profit than losing it all overnight. I hav no clue at all where DOGE will be even in a few hours from now.
It could lose 20% and it could gain 20%. The price movements a pure mania and in neither direction healthy.
I just saw SHIBE also exploded. See it doesn't make sense. 1700% in just a week. Why?