DOGE breaks through $0.42, can it soar tonight? A complete guide to short-term trading!

Real-time market:

The current price of DOGE is $0.41922, having broken through the key resistance level of $0.41, forming a strong upward momentum. From a technical perspective, DOGE's movement tonight is filled with breakout potential. If it can stabilize above $0.42, it is expected to continue challenging $0.45 in the short term. Market sentiment is actively driving DOGE's price higher, and the underlying momentum is not only the celebrity effect but also widespread payment applications and optimism about its future ecosystem.

Short-term T strategy: how to go long and short?

1. Long strategy (following the upward trend)

Entry point: When DOGE breaks through $0.42 and stabilizes at that position, indicating strong market demand. At this point, consider going long. Take profit point: Set the target price at $0.45, which is a strong resistance level and could continue to rise after breaking through. Stop loss point: If the price falls back below $0.41, stop loss in time to avoid a small pullback turning into a larger downside risk.

2. Short strategy (shorting at highs)

Entry point: If DOGE encounters selling pressure near $0.42 and cannot sustain the breakthrough, a pullback may occur. At this point, consider shorting near $0.42. Take profit point: Set the target price at $0.40, expecting a certain short-term decline. Stop loss point: If the price breaks through $0.43, stop loss in time, as this indicates a strong bullish breakout.

Bold prediction for the future:

As DOGE continues to break through key price ranges, the upward momentum in the short term may persist. If it can successfully stabilize at $0.42 and break through $0.45 tonight, DOGE is expected to experience a larger increase, challenging $0.50. More importantly, as Dogecoin gradually applies in the payment field and market sentiment drives it, the upward space for DOGE in the coming weeks may far exceed market expectations.

At the same time, institutional funds are continuously boosting DOGE's rise, especially with the ongoing support from celebrities like Elon Musk, attracting more market attention. The possibility of DOGE's future price challenging $0.60 is not a far-fetched idea.