"Key Decision-making Habits for Dogcoin Trading"
Explore the Narrative and Check the Market Maker: Understand the narrative of the target, check whether there is a market maker and who is promoting it. Dogcoin that relies only on hype, lacks substantial support and is pulled by market makers is at a higher risk.
Determine the entry position: refer to historical prices, trading volumes and similar valuations to determine. If you enter the market when the price is high and the trading volume surges, it is easy to become a receiver.
Set a stop-profit strategy: Set a profit target percentage or operate according to technical indicators. It is relatively safe to sell while the price rises, such as selling a part every 10% increase.
Stop-loss plan: When the operation fails, consider clearing or adding positions. If the price falls below the support and there is no sign of rebound, it is more appropriate to clear the position, and adding positions needs to be done with caution.
The market of Dogcoin is difficult to predict, and developers will also adjust their strategies as the market changes. Only by improving the decision-making process can it be profitable.
