Dogecoin Evening Strategy Analysis

The old man's DJ is spinning, and I believe some brothers have already jumped on board after going long on Dogecoin in the morning, making at least 1000 points isn't a problem. Let's do another round of Dogecoin in the evening!

Today, it’s clear that Dogecoin is facing significant pressure at 0.32. The first attempt to rise didn’t even poke its head out before coming back down, and the second wave didn’t even hit the top. So, can we short at the current price? Sorry, I must say that definitely won't work. We can't rule out that the market makers will make a spike upward tonight, so why not set up a position to catch that spike? You could earn even more. The daily chart looks stable with no significant movement, and when it reaches that position, there’s a rebound that leaves everyone puzzled. We need to be cautious at this time. Looking at the 4-hour chart, it’s still in an upward trend without signs of reversal, and this position isn’t suitable for shorting. There’s not much profit to be made going up or down, and there aren’t any strong support or resistance levels. The daily chart is also showing a green upward trend, and yesterday's daily chart was evenly matched without giving too many signals. Also, with Christmas approaching, they will likely take a break, and the market makers' funds will definitely exit. It won’t surge in the short term; after a hard year’s work, taking a rest isn’t a bad idea.

So today's strategy is (short)

Enter short positions at 0.325-0.33, with stop-loss set between 5%-10% of the position. For take profit, aim for 1000 points profit first. If you want to set a larger target, just place your stop-loss at a level that fits your profit expectations. Of course, aiming for larger targets requires a price, so everyone should be cautious.

Crossing the street with an old lady really has its skills, let’s get started! $DOGE