11.21 DOGE Coin Trend Analysis and Strategy Guidance

1. Price Trend Review

Dogecoin (DOGE) has embarked on a retracement journey after climbing to a high of 0.42 the day before yesterday. It is noteworthy that despite Bitcoin (BTC) successfully breaking new highs, Dogecoin has not been positively influenced by it. On the contrary, whenever Bitcoin experiences a pullback, Dogecoin tends to decline in sync. In the current situation, if Bitcoin shows even a slight pullback of a thousand points at high levels, the price of Dogecoin is likely to slide towards 0.36.

2. Technical Analysis

From the four-hour K-line chart, Dogecoin has successfully broken through the middle track of the Bollinger Bands and is showing a downward trend towards the lower track. Meanwhile, the MACD indicator's energy bars indicate that bearish momentum is continuing to expand, and this series of technical signals suggests a clear bearish trend for Dogecoin at present.

3. Operational Strategy Suggestions

Based on the above price trend and technical analysis, it may be advisable to continue establishing short positions. From the target price perspective, it is expected that Dogecoin's price will decline to around 0.365. However, during actual operations, investors must closely monitor market dynamics, adjust trading strategies in a timely manner, and manage risks appropriately to respond to various potential market situations. #BTC再次刷新历史高点 #孙宇晨购得喜剧演员 #MEME趋势风向 #BTC何时突破10万？

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