#加密市场反弹
$DOGE Short sellers are forced to retreat, buyers take the opportunity to bottom out, is a big surge imminent?
Latest news: When $DOGE was at the price of $0.32292, there was a short covering of $6.1242K. This means that traders who previously shorted Dogecoin were forced to buy back and close their short positions. Will this lead to a rebound in the price of Dogecoin? Let's take a look at what's happening and guess what big moves are coming next!
——$DOGE
What's going on? Market interpretation: Short covering indicates that buyers have started to take action, pushing the price up. If this momentum can be sustained, $DOGE might break through the current price level. Trend change: Dogecoin has been quite volatile recently; if buyers can hold up against this pressure, it might be ready to rise.
——Key price levels
Buying opportunity: The range of $0.310 to $0.320 can be considered for buying. Dogecoin is currently consolidating around this price level, making it relatively low risk to buy in, with decent returns. Target price: The first target price is $0.340; if the momentum is strong, it could even reach $0.360. Stop-loss point: Set a stop-loss at $0.300, so if the price drops, the loss won't be too much.
——Trading strategy
If Dogecoin breaks through $0.330 with a large trading volume, it might surge all the way to $0.360. If it falls below $0.310, the momentum may not be good, so caution is advised.
——Important reminder: The cryptocurrency market is unpredictable. Remember to manage your risk when trading, keep an eye on price trends, and avoid borrowing too much money to trade cryptocurrencies. Stick to your trading strategy!
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