DOGE fluctuates and adjusts, short-term fluctuations usher in new opportunities!

The current real-time price of DOGE is $0.40388, with small intraday fluctuations, reaching a high of $0.40823 and a low of $0.39945. Market sentiment is slightly cautious.

Technical analysis:

Support and resistance:

Support level: $0.39945 is the lowest point of the day. If the price falls below this level, it may fall back to $0.3950 or lower. Resistance level: $0.40823 is the high point of the day. Once this resistance is broken, DOGE is expected to rise further to around $0.4150.

Bollinger Band Analysis:

Currently, the price of DOGE is near the middle track of the Bollinger Band, and the price fluctuation is small. It is expected to fluctuate between the support and resistance levels. If the price breaks through the upper track of $0.40823, it may bring a wave of increases; if it breaks below the lower track of $0.39945, it may usher in a correction.

RSI indicator:

The current RSI is around 50, and the market is in a neutral state, indicating that there is no obvious buying or selling pressure at present, and there may be large fluctuations in the short term. If RSI breaks through 60, it indicates that the market buying is strengthened and DOGE may continue to rise.

Buy strategy:

Entry position: When DOGE breaks through $0.40823 and can stabilize above this level, you can consider going long, and the expected target price is $0.4150 and $0.4200. Take profit position: The short-term target price is $0.4150. If the price continues to rise after breaking through, you can follow up moderately and gradually adjust the take profit to $0.4200. Stop loss position: If the price falls below $0.39945 and continues to decline, stop loss and exit in time.

Short selling strategy:

Entry position: If the DOGE price fails to break through $0.40823 and falls back to around $0.39945, you can consider shorting, with target prices of $0.3950 and $0.3900. Take profit position: The target price is $0.3950. If the price falls further, the short position can lock in lower profits. Stop loss position: If the DOGE price breaks through $0.40823 and continues to rise above $0.4100, stop loss should be taken in time. $DOGE