The trend of $DOGE in the next 12 hours, let me give you some practical analysis, along with my little tips on buying and stop-loss.
First, regarding the current situation, the price of Dogecoin is slightly above the average line of the past 9 days, feeling like it might push upwards. Next, looking at the 6-period RSI indicator, which is hovering around 50, indicating that the upward momentum is just average.
But there's a key indicator to pay attention to, the MACD histogram shows that the strength of the upward trend is quietly increasing. The stochastic RSI is also oscillating around the middle position, if the %K and %D lines start to rise, then the price may follow suit and go up. We also need to keep an eye on the trading volume; if the trading volume increases, it indicates that more people are buying, which might lead to a price increase.
Remember to note the support and resistance levels, the recent support level is at 0.3992, and the resistance level is at 0.4356. If you want to buy, I suggest waiting for the price to slightly break through 0.4250 before taking action, as it would be more stable. Set the stop-loss at 0.4120, which is a bit lower than the recent support level, to control the risk. For profit targets, I am optimistic about 0.4550, which is higher than the current price and can be considered a psychological resistance level.
Remember to keep an eye on the changes in trading volume, as well as how the RSI and MACD indicators are behaving; you need to confirm these. If the price falls below the stop-loss point, then you need to be cautious, as a downward trend may be coming. Risk management needs to be strict, do not be careless. If you have any questions, or want to discuss further, feel free to reach out to me.
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