$DOGE is going to take off? A big reveal of the 12-hour trend!
Come on, let's talk about the trend of Dogecoin in the next 12 hours. I'll give you some practical tips, as well as my tips for buying and stopping losses.
In short, the price is a little higher than the 9-day average, and it looks like it's going to surge. Look at the 6-period RSI, it's just hovering around 50, and the strength is just average.
But the key is to look at MACD, the histogram shows that the strength of the rise is getting stronger and stronger. The stochastic RSI is also in the middle. If the %K and %D lines climb up, the price will probably jump with it. The trading volume must also be watched. If the trading volume is large, it means that more people are buying.
Speaking of support and resistance levels, the nearest support level is 0.3992 and the resistance level is 0.4356. As for the buying point, I think it's safer to break through the 0.4250 point a little bit before taking action. The stop loss is set at 0.4120, just a little below the support level, and the risk must be controlled. I am optimistic about the profit point of 0.4550, which is higher than the current price. As for the psychological resistance level, it must be pushed.
Don't forget to check how the trading volume changes, and how the indicators such as RSI and MACD indicate, and confirm it. If the price falls below the stop loss point, you must be careful, it may change. Risk management must be strict, don't be careless. If you don't understand or want to talk about it again, feel free to contact me.
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