#加密市场回调
DOGE/USDT Latest Short-term Strategy
Current price is 0.32157, in a consolidation range. According to the 15-minute chart:
1. Technical Indicators:
• Moving Averages (MA): The short-term moving average (7MA) and the medium-term moving average (25MA) have formed a golden cross, but the price has just broken through. We need to observe whether it can hold above the moving averages.
• RSI (Relative Strength Index): The RSI indicator is around 50, indicating that we are currently in a moderately strong consolidation state.
• MACD: The fast and slow lines are sticking together, indicating insufficient short-term momentum, and the direction is still not fully clear.
2. Key Support and Resistance:
• Support Level: 0.31395
• Resistance Level: 0.35000 (recent high)
Strategy Recommendations:
1. If you believe the price will continue to consolidate, consider placing a buy order near the support level (around 0.31395) and take profit near the resistance level (0.35000).
2. If looking for a breakout, wait for the price to clearly hold above 0.32300 before entering to chase the upward trend, targeting 0.335-0.340.
Be mindful of changes in trading volume and market sentiment to avoid losses from consolidation. Risk management should still be set with a reasonable stop-loss range based on personal funds.
