The overall direction of Dogecoin is still bearish, although there are signs of a reversal in the short term. However, it is about to face the previous high, and only the brave should consider going long now. In addition to the resistance at 0.2, there is also a trading gap above, and this position may also have a potential spike upwards.

Smart people like us are waiting for a pullback before entering. The support levels to watch below are 0.17 and 0.15.

If there is another pullback that doesn't break the new low (a shadow piercing doesn't count, and an entity closing back doesn't count as breaking a new low), Dogecoin should be suitable for long-term holding in spot trading.