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DOGE Perpetual Futures Contract

Doge long

By Zenshy
Updated
I will update this later with comments on why I am taking this entry.
Comment
My decisions about when to buy altcoins are influenced by Bitcoin's performance. Here is the latest chart for Bitcoin:
snapshot

If Bitcoin’s price stays above $68,000, that's a good sign. However, if it drops below this price at the day's close, I will sell my altcoins.

When I posted this trade, Bitcoin’s price briefly fell below $68,000, which created a good opportunity to buy Dogecoin, especially because Dogecoin's price is also at a support level.

This makes the trade quite interesting to me. I’ll keep you updated if I decide to change my strategy.
Comment
Late update but still wanted to take the time to give a retrospective on the last loss we took.

snapshot


Rebuy will be in a new post.
Trend Analysis

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