After Trump's rally hinted at stock prices, $DOGE showed strength, and the long-short contract strategy can cope with fluctuations.
From the latest candlestick chart, DOGE coin showed a strong upward momentum after breaking through the short-term resistance level of $0.15. The MACD (moving average convergence divergence) indicator shows that DOGE is in bullish momentum and may usher in further gains if it continues to break through the current level. The current support level is $0.13, and the resistance level is between $0.16-$0.17.
If $DOGE fails to break through the resistance level of $0.17 and the market sentiment tends to be conservative, contract traders can open a short-term short order at this position with a target price of around $0.13. This is suitable for capturing short-term fluctuations, and the recommended stop loss is $0.185.
It is recommended to go long around $0.14, with a target price of $0.16-$0.17. It is recommended to set the stop loss at around $0.13.
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