DOGE and SOL $100K Bet: Could These Altcoins Generate 400%+ Profits?

• A prominent Crypto YouTuber reveals bullish sentiment on Dogecoin and Solana.
• He claims to have $100k in both coins, with his DOGE portfolio yielding 400%.
• The trader advises caution while watching for potential trend breakouts, emphasizing setting stop-loss orders.

Amid the crypto market’s recent relief rally, prominent crypto YouTuber Sheldon has announced an over $100,000 bet in altcoins. In a recent video posted to X, Sheldon shared insights into his trading strategies.

In particular, Sheldon cited his overly bullish sentiment around Dogecoin (DOGE) and Solana (SOL), spotlighting his substantial investment portfolio in both digital assets.

My NEXT $100,000+ Altcoin Trade !! https://t.co/3WhgzbSM0k

— Sheldon The Sniper (@Sheldon_Sniper) September 19, 2023

Sheldon disclosed his nearly $202,000 crypto portfolio, which comprises approximately 3.2 million DOGE. Additionally, he mentioned recently opening another crypto futures position of 81,000 DOGE tokens. Sheldon noted that his DOGE position has currently yielded a 400% profit. Also, he indicated that he continued accumulating Doge, with his holdings totaling around 6.2 million.

Furthermore, Sheldon highlighted another position he has opened as part of his recent $100,000 investment. This position involves SOL tokens. Despite Sheldon’s bullish positions in DOGE and SOL, he acknowledged the possibility of market corrections.

Meanwhile, given that Sheldon trades in the crypto derivatives market, he stressed the importance of implementing stop-loss orders in trades. Sheldon advised his followers to be prepared for potential breakouts, underscoring the importance of having well-defined trade strategies. He emphasized adjusting stop-loss levels to secure profits while minimizing risks.

Regardless, he highlighted that breaking through the current trends could lead to substantial gains, similar to previous market surges. Sheldon believed the current market presented an excellent opportunity to accumulate positions, given recent signs of a market reversal and decreasing bearish sentiment.

Notably, he identified $27,500 and $28,000 as critical resistance levels to break for Bitcoin. According to CoinMarketCap data, Solana is up over 10% over the past week, while DOGE barely saw a 2% increase in the same period.

The post DOGE and SOL $100K Bet: Could These Altcoins Generate 400%+ Profits? appeared first on Coin Edition.

Read more on Coin Edition