DOGE has been consolidating at this position for three days. Until it effectively breaks through 0.35, short-term pullbacks will continue. Moreover, there is a trend line resistance above. The short-term bullish factor might be the arrival of the 'King' next month, which could lead to a surge.
Several positions to pay attention to
Support Position
First Position 0.303 (has been tested once)
Second Position 0.292-0.282
Third Position 0.261
Resistance Position
First Position 0.33
Second Position 0.346-0.35
Third Position
Trading should follow the trend, going with the big and against the small. When the trend comes, take the ride with the wind, and be flexible in turning from following the trend to countering it. Resisting the trend is like a mantis trying to stop a car, disturbing your own mindset and trading rhythm.
Most of the time, the cryptocurrency market sees movements late at night. Especially with a strong correlation to the US stock market, friends should remember to take profits promptly and be decisive with stop losses. Holding onto positions without purpose is meaningless.
If you have any interpretations regarding other cryptocurrencies or questions about trading, feel free to leave a comment.
Personal opinion, please read rationally. Not investment advice.
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