$DOGE

DOGE Price Analysis

Brothers, the DOGE market is staging a grand show of 'bulls returning'! On January 3rd, the price soared to $0.3894, with bulls becoming active again, but bears are not planning to retreat easily.

Bullish Strategy: Break through $0.39437 and aim for $0.42!

Key Resistance: Bulls are currently working hard to push above $0.39437. If successful, this will ignite market enthusiasm, targeting $0.42.

Strong Resistance Area: It is expected that bears will fiercely defend at $0.42. This may become a place where short-term profit-taking occurs, and investors need to be cautious.

After breaking $0.39437, one can consider taking long positions with a stop loss set below $0.38.

Take Profit Targets: $0.41 and $0.42, gradually locking in profits.

Retracement Risk: If the price fails to break through $0.42 and falls back, it may test the support level of the 20-day moving average ($0.35).

Important Defense Line: If bears successfully push the price below $0.30, it will open up greater downside potential, with a target looking towards $0.26 (61.8% Fibonacci retracement level).

Suggested Actions:

Consider establishing short positions after breaking below $0.30, with a stop loss set above $0.32, targeting $0.28 and $0.26 respectively.

Bullish: Break through $0.39437, with bulls targeting $0.42.

Bearish: Break below $0.30, opening up deeper retracement space, targeting $0.26.

Now is the time to patiently wait for directional confirmation! Don’t rush in, steadily grasp the trend, and profits will come naturally!