it's viable but this is if you are up to grab thousands of the coins to which you also need to have more than millions of them. this is why doge was a good coin to trade back in the days when its price was less than a cent.
one could probably accumulate more millions of doge that time on the 5minute chart when you just know how to read the charts. but if you don't have enough capital to do this, might just do the leverage trading.
- My feeling about the leverage is a bad plan even if we adjust it to the lowest level, all the pressure to buy and sell does not make us safe, especially small coins like doge, it is really a kill of those who like to trade with the leverage, too little capital should not risk this way, we can follow the usual hold strategy, profits will also come in the most conventional way. For the scalping strategy in this market, it is only viable and the real potential when it falls into the right hands of professional investors and traders, they know how to read small charts and process data
There is a type of scalping that is similar to what Jesse Livermore did in the 1800-1900s, which consisted of protecting his positions, currently I have seen this strategy which seems very reckless and aggressive, it consists of placing a position in "LONG "when it is determined that the price will move in that direction according to technical analysis, and is protected through a" leveraged short "in case the market turns against it.
The only advantage that this type of trading has is that it is in the market all the time, any movement can be taken advantage of, but the cons are that it must be on the PC very aware without moving, only very alert, of course these movements they are effective when done with a lot of money at stake.