DOGE/USDT 24-hour market analysis and long-short strategy 🐕💹
Price range: 0.0997-0.1128 USDT
Overall trend: first fall and then rise, V-shaped reversal 📉📈
Key observations 🔍:
1. 0.1034-0.1040 range shows strong support 💪
2. It has shown an upward trend recently, but the upper resistance is obvious 🚀🧱
3. The trading volume in the 0.1091-0.1110 range has surged, which may be a key resistance area 📊
Multiple strategies 📈:
1. Consider buying when it pulls back to the 0.1040-0.1050 range 🛒
2. Add positions after breaking through 0.1110, with a target of 0.1130 🎯
3. Set a stop loss below 0.1030 🛑
Short strategy 📉:
1. Try shorting in the 0.1110-0.1120 range 🔽
2. Open shorts below the 0.1040 support level, target 0.1015 🎯
3. Set short stop loss above 0.1130 🛑
My opinion 💡:
1. DOGE stabilizes and rebounds in the short term, but the upper resistance is large 🐕🏋️♂️
2. 0.1040 becomes a new important support level, which needs to be closely watched 👀
3. Short-term bullish, but it is recommended to reduce positions at highs and control risks 📊🎚️
4. Pay attention to large trading volumes, which may indicate price breakthroughs or declines 💰📊
Risk warning ⚠️:
- The market is volatile, it is recommended to strictly implement stop loss 🌊🛑
- Avoid chasing highs and selling lows, and control positions 🎢💼
- Pay attention to the overall cryptocurrency market sentiment, which may affect the trend of DOGE 🌐🐕