Crypto Trader Sees Dogecoin Reaching 'Interesting' Level At $0.095

A pseudonymous crypto trader on Monday said Dogecoin DOGE/USD 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

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Crypto Tony on April 10 said that structure is all that he cares about when looking at the Dogecoin chart in the bigger picture. 

While he does expect a big pump later this year, he noted that this could be the last chance for investors to exit before a possible sell-off. "Again, we can never know for sure, but we prepare," he added.

Read More: Dogecoin Rises Even As Bitcoin, Ethereum Tumble: Analyst Predicts Start Of Full-Blown Alt Season