👉 Dogecoin can reach as high as $2.55 in 2025. The new All-Time High range sits between $1.85 - $2.55; do the maths, that's almost 26X. Even if we "only" get 10X that would be great...
Now, my dear readers, supporters, followers, reporters, fans and traders, I shall entertain you once more with a few lines today.
➖ We are preparing for a massive bull-market. ➖ We are preparing for financial growth. ➖ We know the mistakes of the past, we learned a lot from those.
The sure way to win is by applying the wisdom that we gained from past mistakes. In the past we were inexperienced, today we are ready and open for success.
The Problem With The Stop-Loss
Why no stop-loss? No margin, no leverage; no risk.
Say you go to your favorite exchange and buy a token for 100. (We are going to use round numbers to make this example easy to understand.) As soon as you buy, based on "common knowledge" and very bad advice, you set up a "stop-loss order," which is simply a sell order, say at 80. What is going on here?
You just bought a token at 100. By setting a sell order at 80, for example; 20% below your entry price, you are telling everybody that you are willing to sell the token that you bought at 100 at 80. You are willing to take a 20% loss and you are fully committed to this endeavour because you set a limit-order saying so.
The pair can look good. The pair is rising and ready to go up. Thousands of people pile up to buy and do the same thing. They buy but instead of setting a sell order at 150, 200 or 300, they set it up at 80 in order to "stop any potential losses if prices drop." This is a huge mistake.
What happens is that the trading bots, owned by the exchanges, as soon as they register the buying pressure and the limit-orders, go into selling mode. The people programming these algorithms would say, "Hey, we are not going to leave all this money behind. First we sell to those willing to buy at a lower price and then we buy again and push prices up."
As soon as you buy, maybe just a few hours later or maximum just a few days, you can see the growth momentum dying out and reversal starts to happen. Suddenly, a crash and prices hit 79. Low enough to fill all the sell orders. Now everybody who bought at 100, 105 and 110 ended up selling at a 20-30% loss. This only happens because of the stop-loss.
You can use a stop-loss, absolutely, but you can never put this on the exchange or the computer. It needs to be a note somewhere but this information cannot be given to the exchanges and whales as they cannot contain themselves and will move the market against you.
Continuing with the earlier example, once the stop-loss orders are activated there is an immediate jump from 80 to 90 and then back to 100 within minutes, or maximum a few hours. Now you know it is going up for sure but you doubt since you already sold at 80 at a loss... Do you get my point?
The new strategy, the way to trick the bots or in the least to protect yourself and others; If you buy at 100 you immediately place a limit sell order at 300, 500 and 800 even if you don't intend to wait for those prices. This will confuse the bots and if I a human is called to check the situation he won't know what is going on. The bottom line is that there will be no reason for the exchanges to sell because there are no willing buyers at a loss.
Buy low to sell high, that's the goal.
We do not use stop-loss for spot trading for this and other reasons.
👉 Since we know the market and have great timing; since we know we are entering the accumulation phase; the one and only goal is to buy now, throughout the rest of 2024, with the intention to sell in 2025 when the chart and market clearly shows that the bullish wave is reaching its end.
➖ There is no need to try and get the top. ➖ There is no need to be greedy. ➖ There is no need to rush.
We take any and all profits gracefully, we thank the Universe for the successful trade and move on. If it keeps on growing good. Opportunities are endless and it is better to have a sure win than a small loss.
The Strategy | Trading Cryptocurrency With Alan Santana
Buy and hold.
If Dogecoin grows beyond $1, it doesn't matter at what price you buy. Remember, greedy leads to loss.
The important thing is to buy red, when prices are low. The important part is to enter the market when things are boring and people are away. This is the best time to buy. If there is excitement and hype, it means that it is already too late.
The market moves in waves... Up and down, up and down, up and down; forever.
It has been going down, soon it will start to go up.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.