11.21 DOGE Coin Investment Strategy Deep Analysis
After DOGE climbed to a high of 0.42 the day before yesterday, it began its journey of correction.
The strong performance of Bitcoin (BTC) reaching new highs has not had a positive ripple effect on DOGE; on the contrary, whenever Bitcoin experiences a pullback, DOGE tends to follow closely behind in decline.
In the current situation, if Bitcoin only sees a pullback of about a thousand points from its high, then DOGE's price may slide towards 0.36.
Analyzing the four-hour K-line chart, DOGE has currently broken through the middle band of the Bollinger Bands and is showing a clear trend towards touching the lower band.
At the same time, the bearish momentum of the MACD energy bars is running on an increasing scale, with indicators indicating that bearish strength is dominating. Follow the public account: Coin Talk, no nonsense.
Based on this technical analysis, the operational strategy can continue to consider short positions, with the expected target price set around 0.365.
