Can we actually start building a position in $DOGE now?
Guys, let’s talk about spot Dogecoin.
A lot of people look down on meme coins, but how many people have meme coins made rich? Dogecoin is the original meme coin. It has been through several bull and bear cycles and has already gained widespread market recognition.
Here’s the reasoning behind my strategy:
① Dogecoin’s all-time low was around 0.05, while its current price is 0.083. Even if it fell back to its historical low, the potential loss would still be manageable. But that’s highly unlikely, since it has celebrity backing and a substantial margin of safety.
② The hype is still there. Even luxury carmaker Ferrari supports payments in DOGE, and Elon Musk continues to promote it. Musk said that if McDonald’s accepted DOGE, he’d eat a burger on livestream. There’s also been hype about sending the Dogecoin logo into space aboard a rocket, and so on. Dogecoin is never short on attention.
I’m very optimistic about holding Dogecoin for the long term, so I recommend building a position in batches around the current price of 0.83. My long-term target is 0.5, with a stop-loss at 0.05.
Those are my thoughts on DOGE and some suggestions for trading it. For reference only!
#比特币突破8.4万美元 #Strategy增持250枚比特币 #Evernorth纳斯达克首日收跌1.05% $PEPE $SHIB
Guys, let’s talk about spot Dogecoin.
A lot of people look down on meme coins, but how many people have meme coins made rich? Dogecoin is the original meme coin. It has been through several bull and bear cycles and has already gained widespread market recognition.
Here’s the reasoning behind my strategy:
① Dogecoin’s all-time low was around 0.05, while its current price is 0.083. Even if it fell back to its historical low, the potential loss would still be manageable. But that’s highly unlikely, since it has celebrity backing and a substantial margin of safety.
② The hype is still there. Even luxury carmaker Ferrari supports payments in DOGE, and Elon Musk continues to promote it. Musk said that if McDonald’s accepted DOGE, he’d eat a burger on livestream. There’s also been hype about sending the Dogecoin logo into space aboard a rocket, and so on. Dogecoin is never short on attention.
I’m very optimistic about holding Dogecoin for the long term, so I recommend building a position in batches around the current price of 0.83. My long-term target is 0.5, with a stop-loss at 0.05.
Those are my thoughts on DOGE and some suggestions for trading it. For reference only!
#比特币突破8.4万美元 #Strategy增持250枚比特币 #Evernorth纳斯达克首日收跌1.05% $PEPE $SHIB