Shocking! Dogecoin has dropped back to its starting point, has your dream of getting rich shattered?
In December 2024, during the peak period of Dogecoin, it attracted countless newcomers to the market, even breaking through its initial popularity. Many friends probably entered the crypto space at that time and got to know cryptocurrencies.
Now, Dogecoin has trapped countless enthusiastic investors who wanted to double their money back then. Returning to the previous price is no easy task, but as the king of MEME coins, if Dogecoin cannot shoulder the responsibility, how can other MEME coins do so?
After the boom, we are left with a mess, which is worth contemplating. Did you also get carried away by the hype of Dogecoin and the FOMO sentiment, choosing to buy in at a high price? Did you fail to exit in time after making a profit on Dogecoin, resulting in profit withdrawal or even loss?
I am not denying that trading spot can bring considerable profits; I just want to remind everyone that whether trading spot or contracts, to minimize risks while maximizing profits, the following conditions must be met:
1. A cost price with sufficient advantage
2. Accurate judgment of the overall direction
3. Reasonable phased take-profit and stop-loss
4. Rational analysis and judgment
5. A healthy profit-loss ratio
6. Strict adherence to position management
7. Comprehensive technical and news analysis
8. Sufficient understanding of market characteristics
Reflect seriously, have you really been diligently studying and analyzing this market, or have you been relying on: I think it will rise or fall, because your judgment may change with emotions or temporary favorable or unfavorable news; the price of the currency may change due to its rise or fall. The easiest trap is: being reluctant to sell when in profit and being reluctant to sell when in loss.
That's right, to build your own trading system and have a certain understanding of the market, it requires a lot of time and effort. You need to continuously gather information to make judgments and keep an eye on the market to analyze the K-line trends.
If you follow me, it will save you a lot of time and energy, giving you more time to relax, have fun, and spend time with family and friends.
Using the invitation link below, you can not only receive a 20% automatic rebate on transaction fees! You can also get exclusive strategies and teachings from the God of Wealth!
Rebate link: https://www.maxweb.cab/join?ref=BNB3388
Allowing you to buy and sell ahead of others easily without staying up late to monitor the market!
