Dogecoin Evening Strategy Analysis

The old man is DJing, and I believe some brothers got in early in the morning when going long on Dogecoin. Earning at least 1000 points shouldn't be a problem; let's make another move on Dogecoin tonight!

Today, Dogecoin clearly faced strong pressure at 0.32. It didn't even manage to poke its head above that level the first time and came back down; the second attempt didn't even hit the top. So, can we go short at the current price? Sorry, but I would say definitely not. There is a chance that the market maker might drive the price up with a spike tonight, so why not set a trap above to catch that spike? You could earn even more that way. The daily chart looks quite stable, neither going up nor down, and when it reaches a position, it bounces back in a way that confuses everyone. It's essential to be cautious during such times. Looking at the 4-hour chart, it is still in an upward trend without any signs of a reversal, and this position isn't suitable for shorting. The potential profit is small whether it goes up or down, and there aren't any strong support or resistance levels. The daily chart is also green and rising; yesterday's daily line was evenly matched and didn't provide many signals. Moreover, Christmas is coming soon, and they will also take holidays, so the market maker's funds will definitely exit. It won't be driven up in the short term. After a hard year, taking a break is definitely not a bad idea.

So today's strategy is (Short)

Enter short positions at 0.325-0.33, with a stop-loss set between 5%-10% of your position. Aim for a take profit at 1000 points. If you want to be more strategic, set your stop-loss at your psychologically budgeted take profit. Of course, strategy comes at a cost, so everyone should be cautious.

Crossing the street with grandma really has a technique, the ride is on! $DOGE