Dear family members, I am here to recharge your faith $DOGE
Last time I asked everyone to hold it. Those who are brave enough to buy the bottom or cover their positions will basically make money.
Anyway, there will be more big market events coming next.
.30 $DOGE Just come in and wait for the spray.
Take profit advice
• Conservative target: around 0.37342, which is the near-term resistance level.
• Aggressive Target: A break above 0.37342 could lead to 0.38822, which represents higher resistance.
Stop loss advice
• Support is located at 0.34276 (Bollinger Lower Band), it is recommended to set a stop loss below this level, for example 0.339.
• To be more conservative, place a stop loss near 0.33531, which is the recent low.
technical analysis
1. Bollinger Bands:
• The price is close to the Bollinger Band (0.35209), indicating a bullish bias.
• The upper pressure is at 0.36142 (Bollinger upper track).
2. RSI indicator:
• Short-term RSI(6) = 67.24, approaching overbought territory, with possible pullback pressure.
• The medium-term RSI(12) and RSI(24) are 59.27 and 52.72 respectively, showing that bull momentum has not yet overheated.
3. MACD indicator:
• The DIF and DEA lines have just crossed golden crosses, and the histogram has turned red, which is bullish in the short term.
4. Trading volume:
• There is no obvious change in the current trading volume. It is necessary to observe whether the subsequent volume can be enlarged to confirm the breakthrough momentum.
strategic advice
1. Long strategy:
• If the price breaks through 0.36188, you can try to add to the position with a target of 0.37342 or higher.
• If the trading volume does not increase significantly, it is recommended to operate with caution.
2. Short selling strategy:
• If the price falls below 0.34276, you should consider closing positions or switching to shorting, with a target of 0.33531.