Dogecoin Late Night Alert! Key Levels Locked In
Family, pay attention! Dogecoin ($DOGE ) is a bit 'grindy' tonight. The price is bouncing around the 0.1300 mark, fluctuating just a few cents, it’s almost making you sleepy, isn’t it?
But seasoned traders know: the calmer the surface, the more likely big fish are hiding below. Let's break down this 15-minute chart directly and lay out the strategy clearly.
DOGE is currently in a clear 'bearish arrangement,' with all short-term cost lines forming pressure above. The price is being held down, indicating a weak trend. But it’s not falling much, just holding up, waiting for an external force to break the balance.
Long Strategy:
1. The price must break through 0.13012 and 0.13032 with volume and stabilize. This is the first ray of hope to reverse the weak trend, consider testing with a very light position.
2. The price can effectively break through and stabilize at the psychological level of 0.1300. 0.1300 is the dividing line between bulls and bears; stabilizing here could change market sentiment.
3. The price does not make new lows, gaining support again near 0.1295 (recent low), forming the embryonic shape of a 'W bottom.' This is a solid bottom structure signal and should be given more attention.
Short Strategy:
1. If the price rebounds to around 0.1301 or 0.13035 and fails to move up with low trading volume, this is a typical weak rebound, with effective pressure; consider lightly shorting in this area.
2. If the price breaks down with volume below 0.12986 (today's low and also the current platform's lower edge), the short-term oscillation platform may be broken; consider following the trend.
3. After breaking down, any pullback that cannot effectively stabilize above 0.1300 confirms the breakout is valid, and the downtrend may continue.
Dogecoin is currently held down by bears but hasn't collapsed. Our strategy is: no rabbit, no hawk. A strong upward breakthrough through multiple moving averages must occur before we consider a shift; if it breaks down with volume, we follow the trend. In between, we’ll watch the performance.
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