$DOGE : Is it time to buy the dip or withdraw?
The current price of Dogecoin is around $0.38, and it is in a very awkward position - next to the upper rail of the Bollinger Band. This position has great opportunities and risks.
It's like there is an invisible line blocking it. The upper rail is $0.40763, and Dogecoin can never break through it; the middle rail is $0.39297, and it is now like a powder keg that may explode at any time; the lower rail is $0.37932, which is still a safe zone.
Dogecoin is now like standing on the edge of a cliff, and it takes a lot of effort to jump up every time. The MACD indicator says that the downward pressure is great but it is not completely hopeless, and there is still a glimmer of hope.
Look at RSI and KDJ again. Both of them are shouting that the market is too cold, but it may rebound when it is extremely cold. The trading volume has also shrunk, and everyone is watching from the side. It is so quiet that it makes people feel creepy, and it feels like the calm before the storm.
In general, Dogecoin will have to struggle in this range in the short term. However, the oversold signals of RSI and KDJ may be a good time to buy the bottom. However, if it cannot reach the upper track in the medium term, it may have to continue to fluctuate up and down.
If you want to try to rise, wait until it breaks through the upper track before taking action. If you think it will fall again, you can find an opportunity to short between the middle track and the lower track.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is no problem to expect more than 10 times the space. If you want to follow up, like + leave a message, and share for free.
