The K-line chart of DOGE will incorporate the BOLL indicator, moving average system, and recent price trends for technical analysis, and develop reasonable forecasts and operational strategies.
Overall trend:
From the 4-hour K-line chart, DOGE has recently experienced a significant price correction, with the current price fluctuating around 0.314.
The BOLL indicator shows that the middle line of the Bollinger band (0.31424) is exerting pressure on the price, which is running in the middle and lower regions of the Bollinger band, and the short-term direction is still unclear.
The moving average system (MA5, MA10, MA30) shows slight convergence, indicating short-term oscillation characteristics, but the long-term trend still shows a downward trend.
Key technical levels:
Support level:
First support level: 0.3100 (near recent low).
Second support level: 0.3020 (near the lower Bollinger band).Resistance level:
First resistance level: 0.3200 (Bollinger band middle line).
Second resistance level: 0.3300 (previous high resistance area).
Yesterday's performance review:
Yesterday's price fluctuated narrowly between 0.31-0.315, failing to break through the key resistance level, indicating a temporary balance between bulls and bears.
On the downside, bulls showed some support near 0.310.
Operational strategy and forecast
Short-term strategy:
Entry point: If the price breaks above 0.3200 and stabilizes, a small position can be taken to follow up with a long order.
Take profit level: First take profit level 0.3300; second take profit level 0.3400.
Stop loss level: below 0.3100, to avoid risks from false breakouts.
Medium-term strategy:
Observe whether the price stabilizes after retesting 0.3100; if a clear support signal forms, consider establishing long positions at lower levels.
Take profit target can be set above 0.3300.
Short position opportunities:
If the price falls below 0.3100, a short position can be lightly attempted in the short term, with a take profit target set in the 0.3000-0.3020 range.
Summary and risk warning
Today, DOGE is likely to continue its fluctuating trend, with an expected range of 0.3100-0.3200.
It is recommended to focus on high selling and low buying, and pay attention to the setting of stop loss levels.
Short-term trends may be influenced by news, and strategies should be dynamically adjusted based on real-time data.
Direction suggestion: bullish bias on fluctuations; after breaking 0.3200, consider chasing long positions, targeting 0.3300.
Manage positions reasonably, avoid blindly chasing highs and lows, and maintain rational operations! What do you think of this approach?
