8.18 Tian Ge #DOGE 4 Hourly Market Analysis
The current price is in a retracement state, and the purple zone is the key 4-hour support area.
If the market subsequently breaks this support level, it indicates a strengthening short-term downtrend, and short selling may be considered, with a stop loss set at 0.222 to guard against the risk of price rebound. If the support holds and the price stabilizes and rebounds, attention can be paid to long opportunities, deciding whether to enter based on the strength of the rebound and the resistance above (such as EMA moving averages, previous highs, etc.).
The cryptocurrency market is highly volatile; before operating, it is necessary to combine more cycles and indicators to confirm the trend, strictly enforce risk control, manage positions, and be cautious of risks brought by extreme market conditions and changes in platform rules.
If you currently feel helpless and confused in trading, and want to know more information, follow Tian Ge to avoid getting lost! #加密市场回调