Dogecoin 7.20 Evening Strategy
The recent trend of Dogecoin can be described as unstoppable, continuously climbing along the middle track on the 4-hour chart, with increasing volume as well, maintaining a strong trend. The Bollinger Bands are widening, and the bullish structure has not been broken.
Currently, there is a slight consolidation at a high level, with no obvious signs of a volume sell-off or top divergence; instead, it suggests a high-level oscillation and accumulation of strength. The MACD is still operating above the zero line with a golden cross, and although short-term momentum has weakened, it has not turned bearish.
If the current price retraces and does not break below around 0.2400, we can continue to look for long positions in line with the trend, focusing on resistance at 0.2600-0.2680 in the short term. If it breaks above 0.2680 with increased volume, it will open up greater upside potential. The key support for bulls is at 0.2380; as long as it does not break below, it remains strong.
Be sure to time your moves correctly, do not chase highs, and patiently wait for a retracement to the middle track or the lower middle track of the Bollinger Bands before entering. Focus on short-term longs and strictly follow stop-losses. $DOGE
