$DOGE The trend for the next 12 hours, here’s some solid analysis, along with my tips on buying and stop-loss strategies.
First, let’s talk about the present; the price of Dogecoin is slightly above the average line of the past 9 days, feeling like it’s ready to push upwards. Now, looking at the 6-period RSI indicator, it’s hovering around 50, indicating that the upward momentum is just average.
However, there is a key indicator to pay attention to; the MACD histogram shows that the strength of the uptrend is quietly increasing. The stochastic RSI is also oscillating in the middle position, if the %K and %D lines climb upwards, then the price might also follow suit and rise. We also need to keep an eye on the trading volume; if the trading volume is high, it indicates that more people are buying, and the price may increase.
Remember the support and resistance levels; the recent support is at 0.3992, and the resistance is at 0.4356. If you want to buy, I suggest waiting for the price to slightly break through 0.4250 before taking action, as this would be more stable. Set the stop-loss at 0.4120, which is slightly lower than the recent support level, to control the risk. I see a profit point at 0.4550, which is higher than the current price and acts as a psychological resistance level.
Make sure to keep an eye on the changes in trading volume, as well as what the RSI and MACD indicators are saying, to confirm. If the price falls below the stop-loss point, then be cautious; a downward trend may be coming. Risk management needs to be strict, don’t be careless. If there’s anything you don’t understand, or if you want to discuss more, feel free to reach out to me.
Now that BTC is about to surge to 100,000, the market is exploding! This type of market is most suitable for short-term contracts! I have focused on contract strategies for three years, with a success rate of 85%! Leave a message + like, for free sharing!
Recently, I plan to ambush a potential coin that is ready to explode, doubling is quite simple, and I am also preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem, if you want to follow along, see my bamboo leaves, leave a message, follow, like. $BTC $ETH $SOL #市场回暖新机遇 #以太坊时刻到来? #美PCE年率创半年来最大增幅 #美国续请失业金人数创三年新高 #美国续请失业金人数创三年新高