DOGE Night Market Analysis: Is $0.380 Preparing for an Explosion? Short-term Contract Strategy Incoming!

Currently, the price of Dogecoin (DOGE) is $0.38093, showing a fluctuating trend after multiple attempts to test key resistance levels. As market sentiment shifts to cautious, DOGE may experience a directional breakout in the short term. The night market is volatile, and short-term traders need to closely monitor key levels to seize opportunities for contract operations.

Technical Analysis and Key Levels

At present, DOGE is fluctuating around $0.380, with $0.390 being an important short-term resistance level; a breakout could lead to further increases. If it fails to break through, the price may pull back to $0.370, and this support level is crucial for future trends.

Resistance Levels: $0.390, $0.400 Support Levels: $0.370, $0.360

Short-term Contract Strategy

Long Strategy:

Entry Point: When the price pulls back to around $0.370, a long position can be taken when the support level stabilizes. Stop Loss Point: Set the stop loss at $0.360 to avoid further downside risk. Target Price: The first target is $0.390, and after breaking through, look towards $0.400. Leverage Recommendation: It is recommended to use 3x leverage to moderately increase the profit potential.

Short Strategy:

Entry Point: If DOGE fails to break through $0.390 and shows a clear reversal signal, a short position can be taken near this level. Stop Loss Point: Set the stop loss above $0.395 to avoid risk after a breakout. Target Price: The target is $0.370, and if it breaks down, look further towards $0.360. Leverage Recommendation: It is recommended to use 2x leverage, focusing on stability.

The night market for DOGE is expected to be characterized by fluctuations, and the competition between bulls and bears at key levels will determine the future trend. Short-term traders need to strictly implement stop-loss strategies, choosing key support or resistance levels for positioning. Reasonably control leverage multiples to gain profits amid volatility while effectively avoiding risks. $DOGE