Cryptocurrency Dogecoin brought cryptocurrency blogger 400% profit

! Not financial advice — ed.

Amid the recent rise of the cryptocurrency market, a crypto tuber known as Sheldon has announced a bet of more than $ 100,000 on altcoins. In particular, he is extremely optimistic about the Dogecoin (DOGE) meme coin and the Solana (SOL) cryptocurrency.

The value of the blogger’s crypto portfolio is almost $ 202,000. It contains approximately Z.2 million DOGE. In addition, Sheldon mentioned the recent opening of another futures position for 81,000 DOGE tokens. At the same time, the trader noted that his position in DOGE has so far brought 400% profit. That is why he will continue to accumulate the meme cryptocurrency.

As part of his new investment round, Sheldon opened another position worth $ 100,000. It contains SOL tokens. Given that the YouTuber trades in the cryptocurrency derivatives market, he emphasized the importance of using stop losses (an order that allows you to fix the financial result when the instrument chosen by the trader reaches a certain price — ed. In his opinion, one should always be prepared for possible breakouts, and this is where clearly defined trading strategies come in handy. Adjusting stop-loss levels is necessary to secure profits and minimize risks.

According to the trader, overcoming current trends can lead to a significant increase in crypto assets, similar to previous market upsurges. Sheldon is confident that the current market provides an excellent opportunity to accumulate positions given the recent signs of a reversal and a decline in bearish sentiment.