Dogecoin Evening Analysis

This afternoon it was said that there would be a washout tonight, and a new high cannot be broken in the short term. Once the good news came out yesterday, the major coin remained the same as before, while the altcoins dropped significantly. It is recommended to short today.

Today, we are shorting Dogecoin. Currently, it has formed three waves. After the U.S. stock market opens, it will definitely rise a bit and then continue to decline. This morning, it rose and has been consolidating. Looking at the data, there are so many bulls, while the major coin is still at a high position. In the short term, a new high cannot be broken. As long as there is a slight fluctuation, it will definitely drop. Therefore, it is recommended to short, with the short-term resistance level around 0.425 and support at 0.407. It seems to be at a low position, but there is still room for further decline. Without further ado, let's get to the strategy.

Short near 0.425

Take profit below 0.4

Stop-loss positions should be judged based on your own position to prevent a spike.

Buckle up, let's get going, brothers. $DOGE