💥💥CONTINUE WARNING ABOUT PRICE $DOGS
Many of you who have been following me for a long time probably know that I like to trade on diagonal trendlines like this.
🤔But this time I think DOGS is still difficult to pump at the current price to break the trend, so I will enter a SHORT order.
👉Current entry price: 0.00098$
👉STL: 0.00105$ (-7% with 1X leverage, those who use larger leverage should balance it themselves).
👉TP: 0.0008$ (R/R’=1/3).
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My opinion is that the capitalization of 500 million USD with DOGS may be a bit high. I will consider buying spot when the capitalization reaches 200 million USD or lower, it must reach that level to expect x10 or more with DOGS.
At the current valuation, if the price is lucky enough to pump, the possibility of growth of xxx times is also low. If you rush in all-in, the risk is greater than the profit.
💥In short: I wait for the SHORT order, not buying SPOT now.
Note: F0 guys, don't touch long or short, leverage margin, just buy and sell with small capital, get familiar with the market first. Reserve 80% to hold, only trade 20%. If you don't understand the nature of financial leverage, absolutely don't touch it, it will burn out!
