#市场围绕90K
DOGE Intraday Market Analysis and Forecast
In the past 24 hours, DOGE reached a high of 0.39500 and a low of 0.37500, with a trading volume of approximately 820 million coins. The market is currently fluctuating between 0.37500 and 0.39500, with buyers and sellers still in a tug-of-war.
From a technical perspective, there are several key points for DOGE's price:
• Support level at 0.37500, where many buyers are located; if it breaks, it may fall to 0.36500.
• Resistance level at 0.39500; if it surpasses this, it might rise to 0.40500-$0.41000.
On the 4-hour chart, DOGE's price is hovering around the 20-day moving average, and the MACD indicator is close to the zero axis, indicating that buying and selling pressures are roughly balanced, and it will continue to fluctuate in the short term. However, the Bollinger Bands are tightening, suggesting that there may be significant movements ahead.
Short-term Trading Strategy
Given the current market, we can try T+0 short-term operations:
Going Long
• Entry Timing: When the price drops to 0.38000−0.38500, consider buying, as this position is close to the support level with a high chance of rebound.
• Stop Loss Point: 0.37400; if it breaks, exit quickly to avoid too much loss.
• Target Price: First aim for 0.39300-0.39500; if it breaks the resistance level, it could go towards 0.40500.
Leverage recommendation: use 5-8 times, which can yield more profits, but risks must also be controlled, especially in the current fluctuating market. Going Short
• Entry Timing: When the price rises to 0.39300−0.39500, consider selling, as this position has high pressure with a strong possibility of correction.
• Stop Loss Point: 0.40000; if it breaks, exit to avoid getting trapped.
• Target Price: First look at 0.38500-0.38000; if it breaks the support level, it could go towards 0.37500.
Leverage recommendation: use 3-5 times.
In summary, DOGE is expected to continue fluctuating in the short term; if it surpasses 0.39500, it will rise; if it breaks 0.37500, it will fall. We need to be flexible and seize both opportunities and risks.
