According to a popular crypto trader, as the three altcoins prepare to take action; He says that Dogecoin (DOGE) is facing a breakout moment and is showing hesitation about bullishness.
The cryptocurrency trader, known in the crypto community as Loma, told his followers on Twitter; Axie Infinity (AXS), Tezos (XTZ) and terraof (LUNA) He says he’s getting ready for big rallies.
Loma, who started his evaluations with Axie infinity, a play-to-play crypto platform, says that he is looking for entry levels below the $110 level before the crypto experiences further rises. AXS is trading at $130 at the time of writing.
“I think DCA (dollar cost average) will drop to $110 if the market is too generous. If we are in a bull market, do not think that the rise of the Axie is over. Imagine something with Infinity in its name losing its power…”
Next on its list is the smart contract platform Tezos. Loma states that he re-entered his position in XTZ after profiting in the cryptocurrency during its rally above $9. The trader has now set a target price above the $10 level. At the time of writing, XTZ is changing hands at $7.44, down 2% in the last 24 hours.
“I re-entered at $8.60 with the profits I took. It’s very simple, I set rules for myself like if the price drops below the lowest level set before it goes up, I don’t want to be in this trade anymore. Ironically, people are afraid to buy it, but at $8.50, they will buy it like water.”
Another smart contract platform, Terra, is next on Trader’s list. The trader expects a return to previous highs after LUNA peaked just below $50. LUNA is currently trading at $44.
“In a bull market, the goal is to save as much as possible while not selling too soon. Imagine doubting a bullish scenario in an emerging market. I sold some at these local peaks. As always, I will try to save on any LUNA drops.”
As for DOGE; Loma believes that the prank token will soon have to choose between hitting new highs or falling significantly against Bitcoin (BTC). According to the analyst, DOGE, which was traded at $0.24 with an increase of about 3 percent at the time of writing, will say either OK or continue at these levels.
“If DOGE is going to start outperforming Bitcoin, [bu durum] will either occur at these levels… or reach significantly lower levels [açıkça BTC eşleşmesinde yüzde 30 düşüşü düşünebiliriz]”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.