🐕🦺 【DOGE Key Point Layout Guide】Latest Analysis on August 21
Dogecoin is facing a decision on a triangle breakout, and short-term volatility may increase! Below is a comprehensive summary of bullish and bearish layout ideas for your reference～
📍 Key Position Monitoring →Core Support Level: 0.218-0.22 range (Fibonacci 0.5 retracement + recent low) 0.20 level (psychologically important position + March low area) →Core Resistance Level: Around 0.233 (Fibonacci 0.618 retracement) 0.24-0.25 range (may accelerate after breakout) 0.29-0.30 area (target for pattern breakout)
⚡️ Operation Ideas Reference
① Range Fluctuation Strategy (0.218-0.233): Test support levels with light positions, operate cautiously at resistance levels, quick in and out, and be sure to set stop-loss!
② Breakout Following Strategy: Consider following up with a breakout at 0.233, targeting 0.25-0.28. If it falls below 0.218, remain vigilant as it may drop to 0.20 or even $0.188
🛡️ Risk Control Reminder ★Position Management: It is recommended to control a single operation within 1-2% of total funds ★Stop-Loss Setting: For long positions, stop-loss reference below 0.215, for short positions, stop-loss reference above 0.235 ★Take-Profit Strategy: It is recommended to take profits in batches and protect capital in a timely manner
🌟 Medium to Long-term Influencing Factors →ETF Progress: On October 8, the SEC will approve Bitwise DOGE ETF →Institutional Dynamics: Recent news of institutions increasing holdings and government bond plans →Ecological Construction: The progress of integration into the X platform is worth paying attention to
💡 Operation Suggestions →Short-term Operations: Wait for clear direction, follow the trend, and strictly set stop-loss →Medium to Long-term Layout: Consider in batches at support levels, pay attention to ETF approval progress →Risk Warning: If it falls below 0.20 or ETF delays, it may face adjustment pressure
(Kind Reminder: The above content is for market information sharing only and does not constitute any investment advice. The risks of digital currency investment are high, please make rational judgments and cautious decisions.)
