The coin may need to take a breath and pull back. In other words, the buyers may need to take a break, and their strength is slowly weakening.
Let's take a look at the EMA. The 20 EMA is firmly on top of the 50 EMA, which shows that the upward trend is still quite strong.
Speaking of support and resistance, the key to resistance is $0.42. If Dogecoin wants to continue to jump up, it can pass this level. As for support, the price of $0.3369 should be kept close.
Those big guys who have a terrifying amount of Dogecoin in their hands are also very busy now. However, with the price being so high, they are also worried. They may be thinking about selling points, making some extra money, and then killing back after a pullback. So, there may be a lot of sell orders waiting for the price above $0.39.
Next, let's talk about predictions. Situation 1: If Dogecoin really breaks through $0.43 and the trading volume is still strong, it may continue to rise and may attract more buyers.
Situation 2: A pullback. Because the RSI is overbought, everyone may want to sell and make some money, so the possibility of a pullback to $0.3369 is not small.
Trading strategy is here, let's be honest:
If Dogecoin is stuck at $0.43 and can't rise, then shorting to $0.3369 may be quite profitable.
Or, if Dogecoin really falls to $0.3369 and then stabilizes, then this is a great opportunity to buy more. The goal is to rise back to $0.4 or even higher!
Again, I don't know what to do in the bull market, like + comment, bull market spot planning, contract password, free sharing. I need fans, you need reference. Guessing is worse than commenting. $BTC $SOL $BNB #新币挖矿&盘前交易USUAL #美国CPI公布后降息预期上升 #币安获CCData最高评级