DOGE spot
Entry price: 0.19——0.18 to enter in batches, average price 0.185 (valid within the week)
Stop loss price: 0.165
Take profit price: 0.2——0.225——0.25 nearby
Holding period: 1-2 weeks
Trading logic:
1. Musk bets on Trump's presidential campaign success, related tokens have more exposure and funding attention
2. On the technical side, after the 4H rising channel upper track is broken, an accelerated rise is constructed, and after intraday highs near previous highs, it retreats to the upper track of the channel, testing that the conversion support of the upper track of the channel is effective and there is a long lower shadow line verifying support. In addition, the slope of the rising trend line is gently expanding, belonging to a strong pattern. 0.18 is at the resonance support level of the previous high + rising trend line, which conforms to technical trading logic.
Note: Due to the overall high price position at present, and the interest rate decision will be announced on Friday, although there is short-term uncertainty risk, the prospects for the cryptocurrency market are positive after Trump's victory, mainly treated with a low buy approach
The above views are for reference only #山寨季将至？ #DOGE看涨情绪飙升 $DOGE