#MagicEden(ME)上市币安
DOGE Coin plummeted by 13%, is there a panic sell-off in the market, and is it a buying opportunity?
$DOGE has been quite thrilling today, suddenly dropping nearly 13%, with the price falling to around $0.4. Everyone in the market panicked, and after a frenzy of selling, it finally caught its breath slightly at $0.38, with sellers starting to lose momentum.
However, don't forget there’s a previous high point at $0.48 blocking the way. In the short term, DOGE may fluctuate between these two prices, and we need to see if it can gain strength for a rebound.
Remember these key points:
If the price drops to $0.38, $0.36, or $0.34, it may be a good time for buyers to step in.
On the other hand, if the price rises to $0.41, $0.43, or $0.46, sellers might start to flex their muscles and prepare to sell.
If you want to buy, you can buy in batches between $0.385 and $0.395; if the price stabilizes at $0.38, then add a bit more. But if the price drops below $0.375, then it's time to exit quickly. To make a profit, sell in batches at $0.41, $0.43, and $0.46, don’t be greedy, and take your profits.
If you want to short, sell in batches between $0.415 and $0.425; if the price rises to $0.43 and remains unchanged, then sell a bit more. But if the price truly breaks above $0.435, then you have to accept it and cut your losses. To make a profit, sell in batches at $0.4, $0.385, and $0.37; shorting requires caution to avoid being trapped.
I think DOGE may swing between $0.38 and $0.43 in the short term, with buyers and sellers engaging in a battle of wits.
If the bulls can break above $0.43, there may still be an opportunity to push above $0.46. But if the support level at $0.38 cannot hold, then be careful, as it might continue to fall below $0.36.
As for the next layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, with an expected growth of over ten times being very feasible. If you want to make big money in a bull market, like and comment, and I will help you layout the entire bull market!
