The current price of DOGE is 0.3823 USDT. Let's play some intraday trading and make a small profit!
Strategy 1: Pick up bargains (Long position)
When to buy? When the price drops to 0.35-0.36 USDT, that's our entry point! When to sell? Wait for it to rise to 0.38-0.40 USDT, and we can cash out for a steady profit!
What if it drops too much? Below 0.34 USDT, retreat immediately, don't hesitate! How much to use? 30% of funds, steady and secure! Both spot and contract are fine, but leverage on contracts should not exceed five times, safety first!
Strategy 2: High-altitude operation (Short position)
When to short? When the price rises to 0.39-0.40 USDT, that's our opportunity to short! When to buy back? Wait for it to fall back to 0.35-0.36 USDT, and we can close our position, waiting for profits!
What if it rises too much? Above 0.41 USDT, hurry up and close your position, don't be greedy! How much to use? 20% of funds, easy to get in! Only do contracts, leverage should not exceed three times, seek victory steadily!
How to read technical indicators?
RSI says the price has dropped from the sky, and is now hovering in mid-air. KDJ indicates the price may bounce a bit. MACD shows that the bulls are exhausted, and the market may tremble a little.
Bollinger Bands indicate the price has fallen from the sky, and is currently taking a breath in the middle. The trading volume shows that there are fewer buyers and sellers now, we need to see if there are people picking up or dumping at these key positions to change the price.
The strategy logic is as simple as one!
Buy when the price is low, wait for it to go up and then sell, making a profit from the difference. Sell short when the price is high, wait for it to drop and then buy back, still making a profit from the difference. When buying and selling, pay attention to the trading volume and technical indicators, don’t be stubborn. Most importantly, set a stop loss, don’t let losses drag you down!
The strategy is solid!
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