BOLL Indicator and Moving Average System: Currently, the DOGE price is fluctuating near the middle band of the Bollinger Bands, indicating a temporary balance between bullish and bearish forces in the market. The convergence of the moving average system also suggests a lack of a clear trend in the short term, and it is recommended to continue monitoring for any breakout signals.
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Support and Resistance: The setting of support and resistance levels is very clear, especially the key price range of 0.3100 and 0.3200. You can take a light position to follow the long order when breaking through 0.3200, but if the price falls below 0.3100, remain vigilant as there may be a false breakout or further downward pressure.
Short-term and Medium-term Strategies: The short-term strategy is very clear; operating a long position after breaking 0.3200 is reasonable. The medium-term strategy focuses on whether the price can stabilize around 0.3100, which provides a lower risk entry point for long orders.
Short Position Strategy: If the price falls below 0.3100, attempting a short position is also a viable strategy, but ensure that the stop-loss is strictly set to avoid risks from short-term price rebounds.
Risk Management: You have mentioned the importance of stop-loss, especially when going long, the stop-loss should be set below 0.3100 to prevent false breakouts, which helps control potential losses.
Overall, this operational strategy matches well with risk control, suitable for fluctuating range-bound markets. If the market experiences a significant breakout or decline, you can adjust your strategy in a timely manner to adapt to market changes.
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