DOGE rebounded strongly on a small scale over the weekend, breaking upward through the triangular consolidation area, facing pressure when hitting the previous high, and the trading volume over the weekend was insufficient, subsequently falling back into the triangle for consolidation. Overall, the rebound strength compared to other currencies is still relatively strong. After that, it began to adjust during the day. In the short term, it is currently seeking support while oscillating downward.
Several positions that need attention
The first support level near 0.4-0.42. Currently testing, observing the strength of the subsequent rebound.
The second support level at 0.38
The third support level at 0.35
Pay attention to the resistance levels
The first resistance at 0.454
The second resistance at 0.46
The third resistance at 0.477
The overall DOGE will still be stronger, the counter-trend short position range is slightly smaller. If you make a mistake, you should turn around in time and manage the risk.
In trading, it is essential to follow the trend, following the large trends and countering the small. When the trend comes, take the ride with the wind; being inflexible when the trend changes is like a mantis trying to stop a car, disrupting your mindset and trading rhythm.
During the night, with the fluctuations of the US stock market, if there are significant fluctuations, friends remember to take profits frequently, decisively cut losses, and holding positions without reason is meaningless.
If you have any questions regarding the market interpretation of other currencies or trading issues that need consultation, feel free to leave a comment.
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Wishing you successful trading. Thank you!