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Day 19 of trading, let’s thoroughly review yesterday’s situation. First, I experienced a massive drawdown of nearly 20%, which was unexpected. Let’s break it down from three angles: trend analysis, position building, and profit-taking.
Trend Analysis: Still bullish on #AVAX and #DODG , so despite yesterday’s market decline, I held my positions and continued buying.
Position Building: Based on the above analysis, I stuck to a buy-the-dip strategy. However, the strategy was too aggressive, leading to a $30,000 position in AVAX, which was the main reason for the profit drawdown.
Profit-Taking: No issues here. During position building, I also followed short-term trends to take profits in batches.
The biggest issue lies in the second point: overly large position sizes during building. While this led to significant profits in the previous days, it directly caused yesterday’s “Waterloo.” After reflecting, I’ve decided to further reduce position sizes to avoid oversized positions.
Additionally, for the large positions already built in AVAX and Doge, I won’t sell in the short term. Given the bullish trend and having built positions at yesterday’s lows, there’s no need to rush to sell.
Finally, take my lesson: always build positions in small batches.#CopyTradingDiscover $BTC
Trend Analysis: Still bullish on #AVAX and #DODG , so despite yesterday’s market decline, I held my positions and continued buying.
Position Building: Based on the above analysis, I stuck to a buy-the-dip strategy. However, the strategy was too aggressive, leading to a $30,000 position in AVAX, which was the main reason for the profit drawdown.
Profit-Taking: No issues here. During position building, I also followed short-term trends to take profits in batches.
The biggest issue lies in the second point: overly large position sizes during building. While this led to significant profits in the previous days, it directly caused yesterday’s “Waterloo.” After reflecting, I’ve decided to further reduce position sizes to avoid oversized positions.
Additionally, for the large positions already built in AVAX and Doge, I won’t sell in the short term. Given the bullish trend and having built positions at yesterday’s lows, there’s no need to rush to sell.
Finally, take my lesson: always build positions in small batches.#CopyTradingDiscover $BTC
#DODG Dogs are known to be exceptionally smart animals. Their intelligence is evident in their ability to learn commands, understand human emotions, and perform complex tasks. Many dog breeds excel in roles such as service dogs, search and rescue, and police work due to their keen sense of smell, problem-solving skills, and adaptability. Dogs also demonstrate social intelligence, forming strong bonds with humans and other animals, and can even understand and respond to human body language and vocal cues. Their intelligence, loyalty, and trainability make them beloved companions and invaluable working partners.
#MarketPullback Can experts guide us on what to do in such a situation where everything is going down....
need suggestions for Spot Trading....
I am holding #xrp #ADA and #DODG
need suggestions for Spot Trading....
I am holding #xrp #ADA and #DODG
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Will the price of Dogecoin rise due to the $5,000 stimulus check?
Recently, there was a big news that the Dogecoin (DOGE) team led by Elon Musk is considering giving US taxpayers a $5,000 stimulus check. This sounds very attractive, after all, who doesn't like free money? But we have to be rational and see if this is reliable.
The price of Dogecoin has fallen a lot this year because the meme coin market is not very good. Investors are waiting for some good news that will make the price of Dogecoin go back up. Now, this good news may be the $5,000 stimulus check.
It is said that the money for this stimulus check was saved from the Department of Government Efficiency (DOGE). Musk and the Secretary of the Treasury said that they have saved taxpayers $50 billion. If this is true, it is not impossible to give everyone $5,000.
However, there are a few issues that we should pay attention to:
It is hard to tell whether it is true or not: it is hard to say whether this is true or not. Although Musk said he would discuss it with the president, the discussion may not necessarily produce results, and the results may not necessarily be what we think.
Inflation problem: If the government issues too much money, it may lead to inflation, that is, rising prices. Officials may hesitate for this reason.
Savings: Although Musk said the total savings may reach 2 trillion US dollars, Bloomberg reported that it is actually only 16 billion US dollars. This is a huge gap.
Let's talk about the price chart of Dogecoin. It looks like it has fallen a lot recently, but it may also rebound in the next few weeks. However, a chart is just a chart, it cannot predict the future.
Overall, I think this thing sounds attractive, but let's not be too optimistic. Investing is risky, and you need to be cautious when entering the market. Before deciding to invest, it is better to do more research and listen to the opinions of experts.
Blindly working alone will never bring opportunities. Click on the avatar to follow me, and I will take you to explore the ten-fold potential coin! Top-level resources!
#DODG
Recently, there was a big news that the Dogecoin (DOGE) team led by Elon Musk is considering giving US taxpayers a $5,000 stimulus check. This sounds very attractive, after all, who doesn't like free money? But we have to be rational and see if this is reliable.
The price of Dogecoin has fallen a lot this year because the meme coin market is not very good. Investors are waiting for some good news that will make the price of Dogecoin go back up. Now, this good news may be the $5,000 stimulus check.
It is said that the money for this stimulus check was saved from the Department of Government Efficiency (DOGE). Musk and the Secretary of the Treasury said that they have saved taxpayers $50 billion. If this is true, it is not impossible to give everyone $5,000.
However, there are a few issues that we should pay attention to:
It is hard to tell whether it is true or not: it is hard to say whether this is true or not. Although Musk said he would discuss it with the president, the discussion may not necessarily produce results, and the results may not necessarily be what we think.
Inflation problem: If the government issues too much money, it may lead to inflation, that is, rising prices. Officials may hesitate for this reason.
Savings: Although Musk said the total savings may reach 2 trillion US dollars, Bloomberg reported that it is actually only 16 billion US dollars. This is a huge gap.
Let's talk about the price chart of Dogecoin. It looks like it has fallen a lot recently, but it may also rebound in the next few weeks. However, a chart is just a chart, it cannot predict the future.
Overall, I think this thing sounds attractive, but let's not be too optimistic. Investing is risky, and you need to be cautious when entering the market. Before deciding to invest, it is better to do more research and listen to the opinions of experts.
Blindly working alone will never bring opportunities. Click on the avatar to follow me, and I will take you to explore the ten-fold potential coin! Top-level resources!
#DODG
hello I buy dodge coin at the price of 0.33 and now dodge coin price decline to 0.2 I face very large loss can anyone suggest me what should I do sell it or wait until it back to its price but I thought that if I don't sell here and the price of dodge coin decline a little bit I will lose my all capital so any experienced person who wants to give suggestions please 🥺
#DODG $BTC
#DODG $BTC
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