Family, today let's talk about Dogecoin (DOGE). We will analyze it from a comprehensive perspective using the latest market data, including technical patterns, key indicators, market sentiment, and potential risks.
First, looking at the technical patterns, on the daily chart, the price fluctuations of Dogecoin are noticeably narrowing, forming a symmetrical triangle convergence. In simple terms, the highs are continuously moving down while the lows are moving up, like a pocket gradually tightening, indicating that a direction choice is imminent. If the price breaks through the key level of $0.243, it could likely trigger a 30% increase; however, if it drops below $0.19, it may pull back to $0.16. It's like standing at a crossroads, deciding which way to go is crucial.
Next, regarding short-term momentum, looking at the hourly MACD indicator, it is currently weak. However, there have been several V-shaped rebounds at the end of the trading session recently, like on August 21, when it rebounded directly from $0.21 to $0.22, indicating that there are many buy orders at the support level, as if there is a pair of hands supporting the price.
Now, let's discuss short-term trading strategies. If Dogecoin can stabilize at $0.23, we can consider taking a small long position, targeting $0.24 - $0.25, with a stop loss set at $0.209. But if it drops below $0.21, we need to quickly stop loss, step back to observe, and wait for the support around $0.19 to be confirmed before considering entry.
For long-term positioning, everyone can focus on the range of $0.19 - $0.21, building positions gradually in this range. Once the price breaks through $0.243, we can increase our position and hold for the long term, waiting for profits.
Finally, let's talk about today's operational guide from Doge Hao. Short near $0.23350 - $0.23630, first target $0.22960, then $0.22300.
First, looking at the technical patterns, on the daily chart, the price fluctuations of Dogecoin are noticeably narrowing, forming a symmetrical triangle convergence. In simple terms, the highs are continuously moving down while the lows are moving up, like a pocket gradually tightening, indicating that a direction choice is imminent. If the price breaks through the key level of $0.243, it could likely trigger a 30% increase; however, if it drops below $0.19, it may pull back to $0.16. It's like standing at a crossroads, deciding which way to go is crucial.
Next, regarding short-term momentum, looking at the hourly MACD indicator, it is currently weak. However, there have been several V-shaped rebounds at the end of the trading session recently, like on August 21, when it rebounded directly from $0.21 to $0.22, indicating that there are many buy orders at the support level, as if there is a pair of hands supporting the price.
Now, let's discuss short-term trading strategies. If Dogecoin can stabilize at $0.23, we can consider taking a small long position, targeting $0.24 - $0.25, with a stop loss set at $0.209. But if it drops below $0.21, we need to quickly stop loss, step back to observe, and wait for the support around $0.19 to be confirmed before considering entry.
For long-term positioning, everyone can focus on the range of $0.19 - $0.21, building positions gradually in this range. Once the price breaks through $0.243, we can increase our position and hold for the long term, waiting for profits.
Finally, let's talk about today's operational guide from Doge Hao. Short near $0.23350 - $0.23630, first target $0.22960, then $0.22300.
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DOGE
0.22823
-3.85%