8.23 DOGE (Dogecoin) Trend Analysis and Trading Strategy

I. Market Pattern Interpretation

Currently, DOGE is fluctuating around the price level of 0.24. Although there has not been a significant fluctuation in the market, the overall bullish trend is clearly continuing, and the price in the 4-hour cycle has broken through the upper Bollinger band, further validating the effectiveness of the bullish momentum, with the short-term upward structure remaining intact.

From a key price level perspective:

• Support Level: The core support below is around 0.2368. This position is an important defensive line for short-term pullbacks. If the price stabilizes above this support after a pullback, it will provide a foundation for subsequent upward movement;

• Resistance Level: The primary resistance above is around 0.246. If the price can effectively break through and stabilize at this resistance level, the upward space will further open up, and subsequent targets can be looked at around 0.255 and 0.26.

II. Weekend Trading Suggestions

During the weekend, the market focuses on seizing pullback opportunities, with the core strategy being to “position long at low levels.” It is recommended to wait for the price to pull back to the key support range (such as around 0.2368) and confirm stabilization before entering the market, relying on the support level to speculate on the subsequent upward trend. #ETH创历史新高