Well, on that unexpected high from Dogecoin I made the mistake of entering a Long in this cryptocurrency in the hope of making a good profit.

After a quick Graphical analysis using the MACD, RSI, Volume and Fibonacci Retracement indicators, I entered the currency in the DOGE / USDT pair at 0.0526752 with a target of sale at 0.0649569.

But after a few hours I could see that the currency trading was losing momentum and started a downward trend, which continues until now, with Dogecoin quoted at 0.0268 USDT and falling further.

Reflecting afterwards, my big mistake was not having done the fundamental analysis, trying to find out why this high is so high in a cryptocurrency that is a Meme, in fact the most famous of them. With that, I learned that when you are going to trade an asset, it is very important that you first look for some information about it, news of the sudden high, because in the case of Dogecoin it was a Pump Manipulated in a large group of big investors on Reddit, a community called SatoshiStreetBets.

I had a good loss, but at least the lesson remained: Study Very Well before putting your Money on a big cryptocurrency appreciation even more suddenly, as the chances are just a manipulation of the market and you end up losing money .