$DOGE December 28 forecast: Will it rebound or fall into a bull trap?
Let's take a look at the K-line chart of DOGE coin, combine the BOLL indicator, the moving average system, and the recent price trend to do a technical analysis, and then give a reliable prediction and trading strategy.
Overall, the price of DOGE coin has adjusted a lot recently, and it is now hovering at 0.314. The BOLL indicator says that the middle track of the Bollinger band (0.31424) suppresses the price. The price is now in the middle and lower part of the Bollinger band, and it is unclear whether it will rise or fall in a short time. The moving average system is also entangled, indicating that it is volatile now, but in the long run, the price is still falling.
There are several key price levels:
Support level:
The first support level is 0.3100, which is near the low point where the price fell recently.
The second support level is 0.3020, which is on the lower track of the Bollinger band.
Resistance level:
The first resistance level is 0.3200, which is the middle track of the Bollinger Band.
The second resistance level is 0.3300, where the price rose to a high level before.
Yesterday, the price was fluctuating between 0.31 and 0.315, and it could not rise or fall, and the bulls and bears were fighting. However, when the price fell to 0.310, the bulls still came out to support it.
Trading strategy, I say this:
Short-term:
If the price breaks through 0.3200 and stands firm, let's try to buy some, but don't buy too much.
Sell first when it rises to 0.3300, and sell again when it rises to 0.3400, and run when you make money.
But if the price falls below 0.3100, run quickly, don't be fooled by fake rises.
Mid-term:
See if the price will fall to 0.3100 and then stabilize. If it stabilizes, try to buy at a low point.
If you make money, sell above 0.3300.
Opportunities for short selling:
If the price falls below 0.3100, try to sell some short orders, but don't sell too much.
Sell when you make money between 0.3000 and 0.3020.
In summary, DOGE may still fluctuate between 0.3100 and 0.3200 today.
When trading, remember to sell high and buy low, and don't forget to set a stop loss point to protect yourself.
For the next layout direction, I will take everyone to aim at the profit opportunities of the cottage. There is no problem with the expected space of more than 10 times. Like + leave a message, and take you to layout the entire bull market!
