The Diary of a Trader $DOGS

In the past 2 days, DOGS has become the center of attention as the price broke through the resistance level of 0.0006800 USDT and climbed to a new high of 0.0007754. This significant spike comes from a surge in trading volume, causing it to fluctuate wildly.

And DOGS is definitely not for the impatient. To be honest, I shorted at the price of 0.0006885 hoping the price would drop to around 0.0006700. But the market has "broken through" as the price kept rising non-stop.

Currently, DOGS is hovering around 0.0007125 USDT (MA(7) and MA(25) still leaning towards an upward trend). However, the recent bearish candle indicates that a short-term correction may occur. I still hold out hope that the price will drop in the next few hours, but I am always ready to close my position if the market "betrays" me.

The "hard-earned" lessons:

1. Respect the signals: When you see a large volume candle, strong upward MA trends, and resistance being broken, that’s the time to consider closing your position and shifting to a new strategy.

2. Stick to the plan: Set clear goals in advance to avoid being led by emotions (like I did).

3. Remember stop-loss: This is a protective weapon against unexpected shocks.

4. Don’t be greedy: If you’ve reached your target, close the position and enjoy. No one loses when they preserve their profits.

5. The market is not an opponent; instead of trying to "defeat" the market, look for ways to walk alongside it.

Crypto is not just a place to make money, but also a place to learn, train your mindset, and strategize. Whether you are winning or losing, remember that each trade is a lesson for you to improve.

Wishing everyone green trades and don’t forget to share your experiences in the comments! 🚀