Doge bottom-fishing opportunity? Ethereum rebound is imminent, cryptocurrency investment secrets revealed!
Investment opportunity assessment: It is believed that Dogecoin (Doge) has a significant chance during this sharp decline, as it has retraced from 0.48 to 0.34.
This represents a 30% retracement and is at the 0.618 golden ratio support level (0.33 - 0.35). Given that Elon Musk will take over the White House in a month, it is expected to have an 80% probability of rising.
Market fluctuations complaints: Criticism of Powell's statements causing significant market turbulence, leading to Ethereum long positions being stopped out.
Ethereum trading strategy: Since Ethereum has strong buy support around 3420 to 3520, it is recommended to buy the dip with 2x leverage, believing it won't drop to 1800, with low risk and potential for doubling returns. Long positions will be firmly held until March next year for the Prague upgrade.
Experience and advice: I believe that a certain degree of retracement in Ethereum is inconsequential. I remind newcomers to invest based on their capital size and not to take high leverage due to small capital, which could lead to a total loss risk.