$DOGE : Is it a good time to buy the bottom, or is the alarm ringing?
Dogecoin $DOGE is now priced at $0.37571, down 3.83% in the past 24 hours, and is stuck in a delicate position - next to the upper track of the Bollinger Band. Here, the opportunities and risks are very large.
The upper track is like an invisible wall, $0.40763, which Dogecoin has never been able to break through. The middle track is $0.39297, which is now like a battlefield, with people coming and going. The lower track is $0.37932, which is a relatively safe place.
Dogecoin is now like standing on the edge of a cliff, trying to jump up, but it is very difficult every time. The MACD indicator says that although the downward pressure is great, it is not completely hopeless, and there is still a little light of hope above.
Both RSI and KDJ indicators are shouting that the market is too cold, but when it is extremely cold, it may be time for a rebound. The trading volume is also less, and everyone is watching the excitement from the side. This quietness may be the calm before the storm.
In general, Dogecoin may have to swing back and forth in this range in the short term. But the oversold signals of RSI and KDJ may be a good opportunity to buy the bottom. However, if it cannot rush to the upper track in the medium term, it will have to continue to fluctuate.
If you want to buy the bottom, you have to be careful. If you think it will rise, wait for it to break through the upper track before entering the market. But don't forget to invest cautiously. If you think it will fall again, you can find an opportunity to short between the middle track and the lower track, but the market changes quickly, so you have to keep an eye on it.
Recently, I plan to ambush a potential coin and wait for it to explode and double. At the same time, I also want to find some potential coins that can double 10 times before the end of the year. The number of places is limited!
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