#doge⚡
DOGE breaks through the $0.42 mark, can it soar to the skies tonight? Here comes the complete guide for short-term operations!
Latest Market Situation:
The current price of DOGE is $0.41922, having crossed the important barrier of $0.41, with a significant upward momentum. From a technical perspective, DOGE is likely to continue its upward trend tonight. As long as it can firmly stay above $0.42, it may soon target $0.45. Market sentiment is high, pushing DOGE's price up, and the driving force behind this is not just the celebrity effect, but also the optimism regarding Dogecoin's payment applications and future ecosystem.
How to operate in the short term? Go long or short?
Go Long (follow the upward trend)
Buying Timing: If DOGE breaks through $0.42 and holds, it indicates strong buying interest, and you might consider going long. Take profit quickly: Set your target price at $0.45; there may be some resistance here, but if it breaks through, it can continue to rise. Cut losses quickly: If the price falls back below $0.41, quickly stop loss to avoid small pullbacks turning into large holes.
Go Short (sell at a high price)
Selling Timing: If DOGE approaches $0.42 and there is significant selling pressure, preventing the price from rising, a pullback may occur. You can consider going short around $0.42. Take profit quickly: Set your target price at $0.40, expecting a short-term decline. Cut losses as well: If the price breaks above $0.43, quickly stop loss, as this indicates strong buying interest and momentum.
What about future prices?
If DOGE continues to break through key price levels, it may rise further in the short term. If it can firmly stand at $0.42 tonight and break through $0.45, DOGE may see a significant rise, aiming for $0.50. More importantly, Dogecoin's applications in the payment field are expanding, and with such high market sentiment, the upward potential for DOGE in the coming weeks may be greater than everyone thinks.
Additionally, institutional funds are also boosting DOGE's rise, especially with celebrities like Elon Musk continually promoting it, attracting more attention. It's not impossible for DOGE's future price to challenge $0.60.
If you're always missing the point, feeling confused about how to operate, and want to keep up with the learning, you need to meet one condition: you must be action-oriented, ready to go, like + comment, and I'll help you make big money!
