Don't worry if $DOGE is stuck at a high position. Learn these strategies to help you get your money back easily!
$DOGE has been fluctuating around 0.25 recently. It can reach 0.35 when it is high, and it does not break 0.2 when it is low. I think this kind of fluctuation is quite normal. After all, Dogecoin was popular last time and attracted a lot of new funds. Now we have to spend time to digest it and "wash out" those unsteady investors. How to wash it? Just go up and down with the market and fluctuate greatly.
However, the fluctuation of Dogecoin is much greater than that of BTC and ETH. This is the characteristic of small mountain altcoins. There is no way. Now some friends bought at a high point and got stuck. Don't worry, I will give you some tips:
If the Dogecoin in your hand does not exceed half of your total position, don't rush to cut your losses and leave. Wait for it to pull back to around 0.25, and then you can add some positions to pull down the average price, so that it will be easier to get your money back in the future. Remember, when buying spot, if there is strong uncertainty and the position is not good, you have to buy in batches, so that you can buy cheap goods!
But if you are full or almost full of Dogecoin, and you buy at a high position, and there is no good news in the short term, it will be difficult to return to the cost price. At this time, you sell a little every time it rebounds to reduce the burden. This is not to say that I am not optimistic about the future of Dogecoin, but you have to leave some funds for other opportunities. After all, when the bull market comes, all kinds of altcoins will rise. If you bet all on Dogecoin, you may miss other opportunities to make money. At most, you will return to the cost line and make a little money.
We come to the currency circle not to make money, so we have to be smart and use the money on the blade, and don’t stick to one coin. Sometimes, let go when it’s time to let go, which is also a kind of wisdom. Everyone still needs to learn more about the correct way to play contracts and spot, and don’t buy blindly!
Are you stuck? When is the right time to buy at the bottom? Again, confused and helpless, don’t know what to do, click the avatar and follow me.
