DOGE has been a bit erratic lately, where should holders go from here?
Recently, DOGE has been slowly falling, and the support level of 0.20 has completely failed to hold. The short-term trend is still weak. Next, keep an eye on 0.194; if this level also breaks down, it may need to test around 0.188.
In terms of operations, if there is a rebound to around 0.202, consider making a short position, initially targeting 0.194. If it continues to drop, it might reach 0.188, but remember to set a stop-loss at 0.206 to prevent losses from expanding.
Personally, I feel that DOGE is indeed a bit weak right now, and it may need to explore lower levels in the short term, but don’t rush to short; it’s more prudent to wait for a proper rebound before acting. After all, market sentiment hasn’t completely turned negative, and if there is a rebound, you can take profits in time.
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