Midnight Perspective on DOGE
I. Short-term Technical Analysis
1. Key Support and Resistance*
- Support Level: The current price of 0.23653 is above the key support area of $0.22; if it breaks down, it may test 0.2146 or 0.173
- Resistance Level: Recent resistance is at 0.2496; if it breaks through, it may further challenge 0.275 or even 0.342
Midnight Trend Prediction
1. Optimistic Scenario
- If the price stays above 0.236 and breaks through the resistance level of 0.2496, it may continue to rise, targeting 0.275 or 0.342
2. Cautious Scenario
- If the price fails to break the resistance level, it may pull back to 0.2288 or 0.22, or even test 0.2146
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Operation Suggestions
- Long Position Strategy: If the price stabilizes above 0.236 and trading volume increases, a light long position can be tried with a stop loss set below 0.228, targeting 0.2496→0.275.
- Short Position Strategy: If it breaks below 0.228 and MACD weakens, a short position can be taken for a short time, with a stop loss at 0.236, targeting 0.22→0.2146.
