The DOGE coin market is volatile, and investors need to stay alert to seize opportunities for wealth!
The current price of DOGE is 0.40637, fluctuating within a price range. The price trend in the short term has become relatively flat, and it has reached a critical point to determine whether it will rise or fall next. Moreover, recently, there have been fewer people buying and selling DOGE than before, and everyone is a bit cautious.
Important price points are:
If the price can rise to 0.41000, it may continue to rise quickly; but if the price falls below 0.40000, it may continue to drop. Additionally, there is a higher potential price increase point at 0.41500 and a lower potential price drop point at 0.39500.
Indicators for observing price trends show:
The RSI indicator is currently in the middle position, and the MACD indicator seems a bit weak, but there are no obvious signs of a downward trend, so the price may still fluctuate within this range.
If considering short-term trading, here are some thoughts:
If bullish: wait for the price to break through 0.41000 before buying, then sell when it rises to 0.41500; if the price does not rise and instead falls below 0.40700, then there will be a loss.
You can use 3-5 times leverage to amplify both gains and risks. If bearish: wait for the price to drop below 0.39900 before selling (shorting), then buy back when the price drops to 0.39500 (closing the position); if the price does not drop and rises above $0.40200, there will be a loss. Similarly, leverage of 3-5 times can be used.
Overall, DOGE may choose to rise or fall next. If the price can stabilize above 0.41000, it may rise to 0.41500; but if the price falls below 0.40000, it may continue to drop to 0.39500. Everyone should flexibly adjust their trading strategies based on market trends.
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