$DOGE DOGE/USDT is trading at 0.31173 USD, down 1.63% in the last 24 hours, with a high of 0.32460 USD and a low of 0.30510 USD. Trading volume reached 2.19 billion DOGE (689.45 million USD). The current price is below key MA lines (MA7, MA25), indicating a short-term downtrend, while the market is experiencing high volatility.
Advice for HOLD investors (long-term holding):
1. Do not deploy all your capital: In a highly volatile market, if you are considering increasing your position, you should only deploy a maximum of 50% of your current capital to buy more, divided into two phases:
20% capital at 0.305 USD: This is the nearest support zone, which may create a short-term rebound point.
30% capital at 0.290 USD: This is a stronger support level, suitable for accumulating more if the price drops significantly.
2. Be patient with the hold strategy: With a long-term outlook, there is no need to overreact to short-term fluctuations. Focus on the long-term value of DOGE rather than worrying about short-term corrections.
3. Do not panic sell when prices drop: If you are committed to the hold strategy, you should only sell when the price reaches your expected target. However, set a reasonable stop-loss level (for example: below 0.285 USD) to protect your capital in case the downtrend continues.
4. Monitor fundamental factors: In addition to observing the price, pay attention to major news and updates related to DOGE, especially factors that could affect the long term such as partnerships, real-world applications, or major changes in tokenomics.
5. Allocate risk: Do not put all your capital into DOGE. Ensure that your investment portfolio is diversified to minimize risk from significant fluctuations in a single asset.