Benzinga - A pseudonymous crypto trader on Monday said Dogecoin (CRYPTO: DOGE) is reaching an interesting level.
What Happened: Crypto Tony told his 285,900 followers on Twitter that DOGE is reaching $0.095 level and is looking to short the meme coin.
"Would only be looking for a scalp long if we can flip into support," the analyst said.
For the uninitiated, a scalp long is a short-term investment strategy that aims to profit from small price movements. This approach involves buying an asset and selling it shortly after, taking advantage of the small fluctuations in price.
At the time of writing, DOGE was trading at $0.092
$DOGE / $USD – Update0.095 is an interesting level for us to reject from here. Would only be looking for a scalp long if we can flip into support