DOGE Dogecoin Market Review and Strategy
The small-scale chart shared on the 17th validates its effectiveness, with the parallel channel trendline strategy accurately capturing a 12% rebound market. Entering long contracts (20x leverage) at the lower boundary of the channel can yield double profits, as the rebound peak precisely touches the resistance level at the upper boundary of the channel, aligning with technical analysis expectations.
Currently, caution is needed regarding the risk of breaking below the lower boundary of the channel. If the wave operation continues, the parallel channel structure can still be referenced: the lower boundary support level serves as an entry reference for long positions, while the upper boundary resistance level acts as a profit-taking target. If the lower boundary of the channel is broken, timely stop-loss measures should be taken to exit the position.
