Dog/Tether
Long
Updated

10 Jan 2025 Alt 2

156
Dog is a speculative trade, but decent sounding concept. Fixed supply like btc, is on btcs blockchain arguably one of the most secure blockchain. Has held up well in this indecision stage.Mc 500M whilst doge mc is 49B, and if this gains a larger following pontential next cycle this can run, I wont be afraid to cut my loses if i see it drop below 0.004. Either it rises in Q1 or it dies in Q1 no in between, this is the case for crypto at this point in the cycle. Alot of people on X believe crypto will peak in Q1 and alot of people believe itll peak end of Q4, that makes Q1 the deciding quater on what happens. I believe this cycle isnt over, feels very premature. In regard to cycles it would be a drastic change in frequency, which could lead to more serious things to think about besides internet money. Anyways, potential target 1B mc to around 0.01.
Trade active
still in this long, bare in mind i only spot trade alt coins because of the volatility. I would like to see 0.0049 be reclaimed as additional confluence that this coin will run but if it keeps decreasing and has a weekly close below 0.004 (as stated above), then ill cut my loses.
Trade closed: target reached
went lower than expected- volatility is always better when its not in your favour : ). still expect great things, patience is key. Still possibility for further downside, currently broke under ma so could test it as resistance.

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