đšđ„ Analyzing DOGECOIN: Potential Profit Opportunity & PREDICTION?đ
Yesterday, I shared an in-depth analysis of DOGECOIN, highlighting key resistance and support levels along with various indicators. Since then, the price has surged by 4%, nearing the crucial $0.19 mark. I suggested that if it surpasses this level, it could potentially soar even higher.
Remember, these analyses are speculative and there's always the chance of being wrong. However, let's indulge in a hypothetical scenario: Suppose you invested only $10 when the price was $0.17. If you sell at $0.19, let's calculate the potential profit.
Initial investment: $10
Purchase price: $0.17
Selling price: $0.19
Profit per DOGECOIN: $0.19 - $0.17 = $0.02
Number of DOGECOIN purchased with $10: $10 / $0.17 = 58.82 (rounded to 58)
Total profit: $0.02 * 58 = $1.16
So, if you sell at $0.19 per DOGECOIN, with only a $10 investment, your profit would be approximately $1.16.
Keep in mind, this is for a $10 investment only. If your investment was higher, you could potentially make a significant amount of profit. Remember to always assess your risk tolerance and conduct thorough research before investing.
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