1.Support Levels: • $2.033:Current range bottom, has been tested multiple times recently without breaking, considered a strong short-term support. • $2.00:Psychological level, if this position is broken, it may further dip to around $1.90. 2. Resistance Levels: • $2.08:Current upper edge of the oscillation range, once this resistance level is broken, it is expected to test $2.10-$2.15. • $2.15:Short-term strong resistance level, with significant resistance above.
Short-term Strategy
1. Entry Conditions: • If the price stabilizes near $2.033 after a pullback, accompanied by increased trading volume, consider entering a small position to go long, targeting the $2.08-$2.10 range. • If the price breaks $2.08 and confirms stabilization, consider adding to the position, targeting the $2.10-$2.15 range. 2. Stop Loss Settings: • If entering near $2.033, set the stop loss below $2.00. • If entering after the break at $2.08, set the stop loss below $2.06 to prevent false breakouts. 3. Take Profit Settings: • If entering at $2.033, the first target is $2.08, the second target is $2.10. • If entering after the break at $2.08, the target is $2.10-$2.15.
Long-term Strategy
1. The current market is in an oscillation range, waiting for clearer directional signals: • Upward Breakout Signal:Price breaks $2.08 with increased volume, confirming an upward trend, the target can be $2.15. • Downward Breakout Signal:Price breaks below $2.033, the market may enter a correction, wait for a pullback to $2.00 or lower to enter. 2. If choosing to wait and see, pay attention to whether the market oscillates repeatedly within the $2.033-$2.08 range, and wait for a clear direction before acting accordingly.
1. DOGE/USDT Market Trend: • The price has risen in a short period, indicating a certain bullish sentiment in the market. • The long-short account ratio shows a higher proportion of longs (76.3%), indicating that bullish sentiment is dominant and suggesting strong bullish sentiment in the market. • Trading volume has increased during the recent price rise, but there has not been a large-scale volume surge overall, which may indicate that there is still room for further upward movement but caution is needed against false breakouts. 2. MACD Indicator: • The short-term MACD shows a shorter red bar and signs of a pullback, which may indicate that the upward momentum could weaken in the short term. • It is necessary to observe whether an effective rebound will form near the support level or if it will break the support and turn bearish. 3. Support and Resistance: • The short-term support level near the current price is around 0.390, and the short-term resistance level is around 0.402. • If the price breaks above 0.402 and stabilizes above it, further upward movement is expected. • If it falls below 0.390, caution is required, as it could shift into a correction or downward trend. 4. Position Building Suggestions: • If you wish to go long: You can wait for the price to pull back to around 0.390 and stabilize before gradually increasing your position, with a stop-loss set below 0.380. • If considering a short position: You can try to go short as the price approaches around 0.402, with a stop-loss set above 0.405. 5. Risk Control: • Position control is very important; light position trading is recommended. • If there are large fluctuations in a short period, you can choose to wait and observe, and enter the market once the trend becomes clear.
1. Incremental Position Building: If the expected price will continue to rise but is currently close to the short-term resistance level, consider incrementally building positions when the price pulls back to the support area (e.g., 34.5-35.0) to reduce cost and risk. 2. Stop Loss Settings: • For short-term operations, set the stop loss below 33.0-33.5 to guard against unexpected rapid pullbacks. • For medium to long-term layouts, consider setting the stop loss lower, such as below 30.0. 3. Take Profit Settings: • First target level: 36.8-37.5, it is recommended to take partial profits in this area. • Second target level: above 40.0, if the breakout is valid, continue to hold for higher points. 4. Risk Warning: • Current bullish sentiment is relatively high; if market sentiment reverses, the pullback could be quick, so closely monitor the support effect of key moving averages. • If the price falls below 34.5 with increased trading volume, be alert for further declines.