Post
Topic
Board Speculation (Altcoins)
Re: DogeCoin Predictions
by
Roidz
on 12/05/2021, 15:19:58 UTC
The second pump wave is insane. How many traders sat in front of their screen and thought they screwed up when the first dip happened. And then it starts all over again and goes even more nuts. That's a lot of money that has been sucked up by DOGE and the volume seems to be quite healthy, but once the volume goes down, oh oh who knows what's going to happen.
When you are investing when the coin is pumping you need to be glued in front of the system in order to take positions according to the changing sentiments if not you would end up loosing big. I wont be daring to invest in any coin right now as the price is rallying at an all time high in almost all of the coins and you never know when the market goes into a major correction mode.
entering when the price is in an upward state, of course it will take a little of our time to continue to monitor the price movements that are happening, because when we enter the market at a high price it will certainly provide a greater risk for us because the altcoin price could suddenly drop , so when we enter at a high price it is better to target a profit of around 10 or 20% of the capital we spend because if we are too greedy to get big profits, of course the possibility of us experiencing losses will also be very large