#新币挖矿&盘前交易USUAL
DOGE/USDT technical analysis is here!
Now, the price has rebounded from the low point and is hovering around 0.37158. The relative strength index (RSI) is almost 55, which means there is some momentum, but it is not overbought or oversold, so the price can go anywhere.
Let's take a look at the support and resistance levels:
Support level: 0.35229, the price rebounded when it fell to this place before, which is quite critical. Resistance level: 0.37269, the price is about to touch this place, and it may be blocked. If it breaks through 0.37269, then 0.39632 may be the next stronger resistance level.
If you want to go long:
If the price breaks through the resistance level of 0.37269 and can stabilize, then consider going long. The target can be set at the next resistance level near 0.39632, and the stop loss is set a little below 0.37269 to prevent a false breakout.
If you want to short:
If the price cannot break through the resistance level of 0.37269 and starts to fall again, then short. Enter the market near 0.37158, and set the target near the support level of 0.35229. The risk-return ratio is quite good. The stop loss is set a little above 0.37269.
Another reminder:
Keep an eye on the RSI to see if there are any divergence signals or momentum changes. If it is above 60, the buying pressure may be great; if it falls below 40, the short force may be strong.
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