The volatility of Doge has increased, and I believe many friends who started holding for a week have already made over 100% profit. At this point, we need to use rationality to overcome emotions and gradually reduce our holdings to lower risk.
My reduction plan is to lock in some profits while keeping about 60% of the chips to gamble without cost on the final part of the price surge brought by FOMO emotions. This is based on estimated odds combined with the Kelly criterion and some potential resistance levels, such as previous high of 0.73, previous market cap of 0.66, and some psychological round numbers. The reduction ratios are as follows:
$0.42: Reduce 12% of the holding. $0.50: Reduce 9.6% of the holding. $0.60: Reduce 4% of the holding. $0.65: Reduce 6.14% of the holding. $0.72: Reduce 4.92% of the holding. $0.85: Reduce 3.68% of the holding.
Doing this can lower the cost to below zero while pursuing high profits.
