The following is an example of contract operation ideas regarding babydoge, for reference only. Contract trading carries high risks, please operate with caution.
Currently, the price of babydoge is at 0.00537, and we can consider opening a long position here. To control risk, the stop-loss price is set at 0.00505. From a profit expectation perspective, the first target price above can be initially set at 0.0063.
In the past few days, after being "mentioned" by Musk (the term used here is more colloquial, and can be replaced appropriately), the trend of babydoge has been very strong. After the consolidation and adjustment over the past two days, the selling pressure above has almost been digested. From the perspective of smaller timeframes, it has retraced to a suitable position, so we can choose to enter the market and try to operate to seize the potential trading opportunity.
It is important to emphasize again that contract trading carries high risks, and market conditions can change rapidly. When actually operating, it is essential to consider multiple factors comprehensively and make decisions based on your own risk tolerance.
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