#MEME趋势风向
Dogecoin Market Outlook: How to Find the Right Entry Timing for the Day?
Market Update
Currently, the price of Dogecoin (DOGE) is $0.38510, which is a slight increase from yesterday. Today, it reached a high of $0.38800 and a low of $0.38200, with increased trading volume; the market is quite lively. The price is currently at a critical position, with both buyers and sellers competing.
Technical Analysis and Key Points
Technically, DOGE is currently above the 10-day moving average on the daily chart, but there is significant resistance above. On the 4-hour chart, $0.38800 is a short-term hurdle; if it breaks through, it may reach $0.39500. If it falls, $0.38200 is a support level; if it breaks below that, it may go back to $0.37500. The RSI indicator is still acceptable but has weakened a bit, so caution is advised.
Short-term Trading Strategy
If you want to buy: When to buy: If the price breaks above $0.38800, you could try buying around $0.38850. Stop-loss point: set below $0.38500. Profit target: first look at $0.39500, then consider $0.40000. Leverage: 3-5 times, be cautious. If you want to sell: When to sell: If the price falls below $0.38200, you could try selling around $0.38150. Stop-loss point: set above $0.38500. Profit target: first look at $0.37500, then consider $0.37000. Leverage: 3-5 times, don’t take big risks to avoid liquidation.
The market changes quickly, so keep an eye on news and the overall market. Manage your positions and leverage carefully to avoid significant losses when the market shifts.
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