Dogecoin Analysis
It's been a while since I last talked about this coin. Once Elon Musk got involved, this coin became very popular. I just took a look at the recent trend, and it's quite impressive. On the hourly chart, the first line of defense at 0.364 is still holding strong, it hasn't broken. So let's not focus on the second line of defense at 0.34 for now.
Right now, I am optimistic about it, although the price isn't low, hovering around 0.389. This afternoon, I almost bought in, but I held back. Just now, as Bitcoin surged, other coins also rose a bit. I found that Dogecoin has quite a unique approach, not following conventional patterns.
The resistance levels above are at 0.437 and 0.48. This coin goes up and down like it's on a rocket; it won't stay up for long, but it will definitely spike again.
According to Fibonacci retracement, in the short term, it should be able to touch the 0.41 to 0.42 range. There is a clear opportunity to make money in between, you can try to scoop up between 0.39 and 0.415, but remember to set your take profit and stop loss, as this coin rises quickly and falls just as fast.
Don't hesitate, find an opportunity to enter the market quickly.
Buy long between 0.380 and 0.39,
Sell around 0.415,
If it drops below 0.375, quickly cut your losses.
If you keep missing your timing and are confused about how to operate, and want to keep up and learn, you need to meet one condition: you must be proactive, act decisively, like + leave a message, and I will help you make big money!
