$DOGE time to short sell | Ibram Ihab on Binance Square

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$DOGE time to short sell

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DOGE

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$DOGE as we expect Jan time for 1$

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$DOGE gyus it is simple Doge at 20 nov 2024 Was from 0.35 to 0.38 At end of month and start of dec it reach 0.48 So 20 Dec it was 0.29 I think at mid or end of Jan it will be 0.55

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$DOGE best setting to get profit if you are new only invest 50$

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$DOGE $BTC $ETH by ChatGPT### **What is Short Selling on Binance Margin? A Simple Guide** **Short Selling** allows you to profit when a cryptocurrency’s price drops. Here’s a clear example of how it works: --- ### **How It Works:** 1. **Borrow Crypto at the Current Price:** - Let’s say the price of DOGE is **$0.4**, and you have **100 DOGE**. - Using **5x leverage**, you borrow **400 DOGE**, making your total **500 DOGE**. 2. **Sell at a Higher Price:** - You sell **500 DOGE** at **$0.5** each. - **Revenue from selling = 500 × $0.5 = $250**. 3. **Wait for the Price to Drop:** - The price of DOGE drops to **$0.3**. 4. **Buy Back at the Lower Price:** - You buy back **500 DOGE** at **$0.3**. - **Cost of buying = 500 × $0.3 = $150**. 5. **Return the Borrowed DOGE:** - You return the **400 DOGE** you borrowed and keep the difference. 6. **Profit Calculation:** - Selling revenue = **$250**. - Buying cost = **$150**. - **Profit = $250 - $150 = $100** (minus fees). --- ### **Key Idea to Maximize Profit:** - You **borrow DOGE at the current price (e.g., $0.4)** and sell it at a higher price (e.g., $0.5). - After the price drops (e.g., to $0.3), you buy back DOGE to return the borrowed amount. - This strategy lets you profit from both the **initial sale** and the **lower repurchase price**. --- ### **Example Recap with Numbers:** 1. Borrow: **400 DOGE** at **$0.4**. 2. Sell **500 DOGE** at **$0.5** = **$250**. 3. Buy Back **500 DOGE** at **$0.3** = **$150**. 4. Profit = **$250 - $150 = $100** (minus fees). --- ### **Key Points to Remember:** - You must **return the borrowed DOGE**, so you buy it back at a lower price to maximize profit. - Binance charges **trading fees** and **daily interest** on borrowed funds, which are deducted from your profit. --- ### **Pro Tip:** Short selling is a powerful tool to profit from market drops, but it involves risks if prices increase. Always use **Stop Loss** to manage risk and protect your capital. #BinanceMargin #CryptoShortSelling

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$DOGE after i support doge too much why this coin not recover as rest of coins

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