Morning Analysis of $DOGE

The short position placed around 0.355 yesterday ended up losing strength and did not rise 😅

From what I see now, there are signs of a pullback. Last night it was at this position and is still there, showing a consolidation area with oscillation space between 0.337 and 0.344. Currently, it is at a high of 0.42, and the trading volume has noticeably decreased. It is consolidating, and from the Fibonacci retracement perspective, it will return to a position that has not yet reached the golden retracement line. During the downtrend, there will definitely be minor upward movements. After a slight pullback, going short would be fine, so I personally suggest that taking a short position is not a problem.