#doge#


🐕 DOGE Strategy Analysis

Current Price: $0.211 📊

Technical Analysis:
• RSI(14): 39.2 - on the edge of the oversold area 📉
• MACD: Negative value but histogram turns positive, indicating a weakening of downward momentum 🔄
• Super Trend: 0.2185 is in a bearish signal ⚠️
• Bollinger Bands: Price nearing the lower band support 📈

Key price level:
• Support level: $0.207 (tested), $0.204 💪
• Resistance levels: $0.218, $0.225 🚧

On-chain dynamics:
A new wallet has withdrawn 32.9 million DOGE (worth 6.96 million USD) from Binance, indicating accumulation by large holders 🐋

Trading Strategy:
Long opportunity: Accumulate positions in batches in the $0.208-0.210 range, stop loss at $0.204, target $0.225-0.235 🎯

Risk warning: The overall trend is still bearish, need to wait for a breakout of $0.218 to confirm a reversal ⚡

Market sentiment is cautious, suggesting light positions and strict stop-loss.
#MLP#
DOGE4.22%
MLP7.52%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)