🤔I STARTED TO ATTENTION $DOGE AFTER 2 YEARS OF ABANDONED IT!
DOGE coin has just reached the top growth rate with an increase of about 7% in the past 24 hours. Considering the bottom in early July, DOGE has increased about 50%.
In reality, this may not be a very impressive increase compared to the average altcoin, but with a project with a capitalization of 20 billion USD, ranked 8th in the market like DOGE, I think this recovery is very significant!
😍In particular, DOGE rebounded right when the price fell to the 0.1 USD area, corresponding to the upper edge of the Darvas box (see picture below).
This shows that DOGE is very "respectful" of the price movements in the box. During the past 2 years, DOGE price repeatedly touched the bottom edge of the box and bounced up, then touched the top edge and was knocked down. It will not be until February 2024 that DOGE will officially break out of the box and rise to higher areas.
👉Once the resistance around 0.1 USD is overcome, this zone will become important support for DOGE price.
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💵Long-term investment strategy with $DOGE :
👍Buy gradually 50% of capital around 0.1 - 0.14 USD.
👍The remaining 50% of capital in case the general market goes bad, DCA will add DOGE at 0.07 and 0.056 USD.
TARGET:
- Lock in 40% when the price first reaches 0.3 USD.
- Close another 40% when the price increases to 0.5 USD.
- The remaining 20% of DOGE will observe DOGE's price reaction in the area of 0.5 USD or more to take profits!
Please note, this is a long-term investment plan, which means the price will take many months, even years, to grow. Ae very patient!
😎If you're in the same boat as DOGE, please comment to find teammates!💪💪
