The current price of DOGE is $0.40637, with a volatile trend. The short-term moving averages are flat, and choosing the right direction is crucial. Trading volume has decreased, and market sentiment is a bit sluggish.
Key price levels to remember:
$0.41000 is the upper resistance; if it breaks through, it can rise further; $0.40000 is the lower support; if it can't hold, it will have to retrace. Also, $0.41500 is another resistance, and $0.39500 is an additional support.
Let's check the indicators:
RSI is fluctuating in the middle, MACD signals are not very promising but there are no major signs of a drop yet. Prices are expected to continue fluctuating.
For short-term contracts, here's our strategy:
If you want to buy long: wait for a breakout at $0.41000, sell at $0.41500, and set a stop loss at $0.40700, with leverage around 3 to 5 times.
If you want to buy short: wait for a drop below $0.39900, sell at $0.39500, and set a stop loss at $0.40200, also with leverage around 3 to 5 times.
How will the market move?
DOGE needs to choose a direction in the short term; if it holds above $0.4100, it can head towards $0.41500; if it drops below $0.40000, it may test the support at $0.39500. Investors need to closely monitor the market and adjust their strategies flexibly.
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