Dogecoin is poised for action, how to capture the best entry point in the intraday market?

Market Situation

As of now, the real-time price of Dogecoin (DOGE) is **$0.38510**, slightly up from yesterday. The intraday high is **$0.38800**, and the low is **$0.38200**, with a slight increase in trading volume, indicating that market sentiment is becoming more active. The current price is hovering around a significant resistance zone, with both bulls and bears vying for a key direction. #doge⚡

Technical Analysis and Key Levels

From a technical perspective, the current price of DOGE is above the daily MA10 moving average, but the resistance above is considerable. The 4-hour chart shows that **$0.38800** is a short-term resistance level, and a breakthrough may lead to a rise towards **$0.39500**; while the support level below is **$0.38200**, and a drop below this level may further retreat to **$0.37500**. The RSI indicator is in a neutral to strong area, indicating there is still upward space in the short term, but signs of weakening momentum should be noted.

Short-term Contract Strategy

1. Long Strategy:

- Entry Point: If the price breaks through **$0.38800**, consider entering a light long position around **$0.38850**.

- Stop Loss: Set below **$0.38500**.

- Target: First target **$0.39500**, second target **$0.40000**.

- Suggested Leverage: 3-5 times to control risk.

2. Short Strategy:

- Entry Point: If the price falls below **$0.38200**, consider entering a short position around **$0.38150**.

- Stop Loss: Set above **$0.38500**.

- Target: First target **$0.37500**, second target **$0.37000**.

- Suggested Leverage: 3-5 times to avoid excessive fluctuations leading to liquidation.

{future}(DOGEUSDT)

Market volatility is high, and it is crucial to closely monitor news and market dynamics throughout the day, managing positions and leverage ratios reasonably to avoid excessive losses due to market reversals. $DOGE