DOGE: Summary of Discussions in Orange's Mute Group (Daily Market Analysis) (09:00:10 ~ 10:00:10)

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1. Current Recommended Direction It's not advisable to blindly chase DOGE in the short term. Market sentiment is generally panicked, with Bitcoin and ETH continuing to face pressure. A DOGE rally may be overextended. It's recommended to wait for the market sentiment to fully dissipate before considering a tentative position. Musk's statement that a DOGE moon landing could be achieved next year is a medium- to long-term positive, but caution is still advised in the near term. 2. Position and Risk Management Recommendations: It is recommended to enter with a small initial position to avoid the risks of going all-in and using leverage. Pay close attention to the timeframe when panic All In subsides, and set strict stop-loss orders to prevent losses from short-term fluctuations. While price targets are not yet clear, it is crucial to closely monitor Bitcoin's price movements and changes in market sentiment, and gradually increase positions while controlling your leverage. 3. Suitable for a combination of aggressive short-term and conservative medium-term trading styles. Short-term trading involves quick entries and exits to capture rebounds and exit positions; medium-term positions can be established based on expectations of Musk's "moon landing," but it is not advisable to hold positions for too long. Catalysts mainly depend on the release of market panic and the start of a Bitcoin rebound; flexible and highly vigilant trading is necessary.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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