How to get out of the trap of $DOGE , when can you buy the bottom, this article will show you a thorough understanding!
Dogecoin is in the range of around 0.25, up to 0.35, down to 0.2. I think the fluctuations in this range are healthy trends, because the last round of Dogecoin outbreak attracted a large number of new funds to enter the market, which takes some time to digest. It can also be understood as washing out the unsteady holders, so the way to wash the market is to follow the market and continue to fluctuate widely.
Of course, the fluctuation range of Dogecoin will be much larger than that of BTC and ETH. This is also the characteristic of small copycat MEME coins and is unavoidable. Many fans are currently trapped in the high-level entry. My operation suggestions are:
If Dogecoin currently accounts for less than 50% of your total position, then I do not recommend you to cut your losses and leave the market now. You can wait for Dogecoin to further pull back to around 0.25 to increase your position and lower the average price. This will help to better recover and realize profits. Everyone must remember that when the spot is not certain and the position is not very advantageous, you must enter the market in batches, so that you can buy at a relatively low level!
If you are currently fully invested in Dogecoin or close to fully invested (accounting for 70% to 80%), and the entry point is far away now, it is difficult to return to the cost position without the support of good news in the short term. Then I suggest that you can reduce your position appropriately every time it rebounds. Reducing your position does not mean that you are not optimistic about the future of Dogecoin, but that your position is all occupied by Dogecoin. Then the next bull market will break out and the copycats will fly everywhere, which may have nothing to do with you. You may only return to your cost position and make a small profit.
Everyone comes to the currency circle for one purpose, that is, to make money and cash out. Then everyone should be smarter and maximize their funds. Don't hang yourself on a tree. Sometimes it is also a kind of wisdom to cut off your arms to survive. Everyone should spend more time to learn the correct way to play contracts and spot, and don't enter the market blindly!
Now that ETH has pulled back to around 3300, the opportunity to buy the copycat at the bottom is coming soon! I have carefully selected a currency with an expected increase of 5-10 times for everyone. Leave a message + like, and share it for free!