$DOGE Gearing up, how to seize the best trading opportunities of the day?
The current price of DOGE is $0.38510, a slight increase from yesterday. Today it reached a high of $0.38800, and a low of $0.38200, with more people trading, making the market lively. The price of Dogecoin is at a critical level now, with buyers and sellers both putting in effort to see who will win.
From a professional perspective, Dogecoin is currently above the MA10 moving average, but there is strong resistance above. If it can break through $0.38800, it may continue to rise to $0.39500. If it falls below $0.38200, caution is advised as it may drop to $0.37500. The RSI indicator suggests that Dogecoin still has some strength to rise, but the momentum is not as strong as before, so one should stay alert.
For those looking to go long: If Dogecoin breaks through $0.38800, you can try to buy around $0.38850, but don't buy too much. If the price drops back below $0.38500, then it's time to run to avoid losses. If it rises to $0.39500 or $0.40000, consider selling to take some profit.
For those looking to short: If Dogecoin drops below $0.38200, you can lightly short around $0.38150. But if the price rises back above $0.38500, then accept the loss and don’t wait. If it drops to $0.37500 or $0.37000, consider buying back or just take the loss and exit.
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