Mishaboar, a notable figure in the Dogecoin community, has issued a warning against the use of high leverage in trading due to increasing price volatility. In a recent tweet, Mishaboar criticized crypto influencers and former exchange CEOs for endorsing high-leverage trading platforms, advising traders, particularly those with less experience, to steer clear of such practices.
This cautionary message comes as Dogecoin (DOGE) experiences price fluctuations between $0.14 and $0.29, with an ascending triangle pattern emerging. A breakout above $0.29 could signal a bullish trend, potentially driving the price to $0.39, while a decline might lead to continued range-bound trading. Currently, DOGE is trading at $0.252, reflecting a 1.51% decrease over the past 24 hours.
Dogecoin Community Cautions Against High Leverage Amid Volatility
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