Speaking of Dogecoin, people in the currency circle should be very familiar with it. The last bull market was the leader. It was because of Dogecoin that the last bull market became a zoo in the later period, and various animal coins came out.
The final result is that the main force and institutions took advantage of the fame of Dogecoin to cut a large number of leeks. I won’t say much about the value of Dogecoin, but the consensus is relatively high and there is traffic. I don’t know how many people will make money on it in this bull market, and I don’t know how many people will go bankrupt because of it.
Let’s talk about DOGE’s four-hour short-term market:
1. At 8 o’clock last night, the pressure level was broken through by a huge volume, and an upward trend was entered.
2. The volume was reduced and the support level was stepped back. The support was not broken, indicating that the support below was effective.
3. The four-hour market came to break through the BOLL middle track and came to run between the middle and upper, which is a strong performance of bulls.
4. Breaking through the long-term downward trend line, the price broke the previous high.
Through the above analysis, it can be seen that DOGE shorts have weakened, and bulls are stronger than bears. There will be a wave of rises in the future. This position is close to the support and is a good short-term entry point.
The risk of entering the market at this position is relatively small. Even if you are wrong, it will only be a small mistake, but if you are right, it will be a big right. This is the biggest reason why I like to do short-term trend trading.
When breaking through the pressure, the volume is a strong breakthrough. According to the principle of polarity conversion, the pressure breakthrough becomes support. The greater the volume when breaking through, the stronger the subsequent support will be.
For medium and long-term trading, you only need to enter the market at the relative bottom, and then get the trend to end, but short-term trading is different. There are many opportunities for short-term trading every day, so you need to wait for the right time to enter the market.
Different trading levels have different strategies and entry points, so what level of trading you do depends on the level of K-line, and don't be subjective.
The four-hour market changes very quickly. Short-term trading should be stopped when it is good. You can't let yourself be trapped because of greed. Short-term trading emphasizes capital utilization, so you must be willing to stop profit and dare to stop loss, otherwise it will lose the meaning of doing short-term trading.
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