Dogecoin Follow-up and Market Analysis, Simple and Clear Version
Dogecoin's performance last night, as Jinbao said, after stabilizing in the pressure zone, broke through 479, spiked to 481, and then quickly fell back. This speed of fluctuation is really fast and can catch people off guard, likely causing some concern. In the short term, the trend may still need to consolidate sideways, with spikes up and down, and the short-term strategy needs to be consistent.
Friends, don’t rush to blindly enter the market. If you have spot holdings, don’t worry, Jinbao’s view remains the same: Dogecoin at 0.48 is just the beginning, not the end!
Have you heard? Dogecoin has new developments again. Yesterday at noon, Dogecoin and MyDoge wallet designer DogeDesigner tweeted on social media that Elon Musk's boring company has accepted Dogecoin payments, and you can now order cars and pay with Dogecoin. Once this news broke, Dogecoin's price jumped from $0.428 to $0.48, and then it pulled back.
This DogeDesigner has a close relationship with Musk, almost like a partner, promoting Dogecoin together. Today he tweeted again that Tesla will only accept Dogecoin for merchandise payments, not Bitcoin. This ambition is quite significant! It seems that Dogecoin holds a special place in their hearts. Jinbao remains optimistic about Dogecoin in the long run.
Follow Jinbao, and I will notify everyone immediately when there is a suitable entry point!
Short-term market analysis, let me say a few words simply:
After DOGE's daily level support, the Bollinger upper band shows signs of retreat, and MA is shrinking. Looking at the 4-hour level, after breaking through the Bollinger upper band, it spiked to the daily level resistance, then pulled back to the 4-hour support around 0.420, and MACD shows a dead cross trend with MA shrinking. Looking at the 1-hour level, after breaking the Bollinger middle band, it has been consolidating sideways, and the current position is around 0.432.
Short-term trading advice: Buy around 0.413-0.410, stop loss near 0.405, and look towards 0.447-0.460.
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