After 8 AM, DOGE had a surge breaking upwards, followed by an intraday rebound. It is currently at previous highs and a major support-resistance switching area, which is also a relatively important resistance zone in the short term. A favorable expectation is to see the market consolidate at this level and test upwards to digest selling pressure. Then, DOGE may reverse, and this month, with the new leadership, it could take off together.
Currently, chasing long positions at this level is not wise. Wait for a pullback test in the evening, and consider entering when the market retraces. However, this is still a relatively left-side trade. A stable right-side trade would be to wait for a solid break above 0.35 before entering.
Several positions to pay attention to
Support level
First position 0.328
Second position 0.32
Third position 0.313
Resistance level
First position 0.342 (currently testing)
Second position 0.35
Third position
Daily market analysis, like and follow to stay on track.