DOGE: 10% floating profit for long orders, continue to hold

In the analysis of DOGE on November 29, it was proposed that DOGE rebounded strongly after the previous decline and may develop into a reversal trend. DOGE has risen to a maximum of 0.09 today, breaking through the high of November 17, and a reversal trend has been confirmed. The red circle is the position where we open a long position, the cost is below 0.08, and the current floating profit has exceeded 10%.

From the market perspective, DOGE is currently rising along the yellow trend line, so you need to pay attention to the support effect of the yellow trend line after the next price pullback. If it falls below, you need to be alert to the possibility of the end of the rising market.

In terms of data, after the price rose to 0.09, the 1-hour OBV declined, indicating that long funds began to withdraw, but the overall trend is still continuing to rise. The 1-hour MACD is adjusting towards the 0 axis after a dead cross. The market is currently very strong. This short-term adjustment may end soon and continue to attack the target price of 0.095.

The valuation range was adjusted to 0.082-0.095 during the week

operate

You can continue to hold long orders and set a stop loss protection at the cost price.