DOGE one-hour chart releases important signals, the market is quietly brewing a big change! Is it going to soar high or plummet? Whether you are holding coins or observing, this analysis might help you minimize losses and maximize profits! I am Zhou Yi, and today I will directly provide valuable insights, helping you understand the truth behind the market!
News
Recently, the 'Dogemos' event organized by DOGE has become extremely popular, with the official leading the way in memes, urging everyone to tag merchants that do not accept DOGE. This bottom-up celebration, in simpler terms, is boosting DOGE's popularity and momentum! Once more people recognize its 'fun and usable' payment attributes, the price will naturally rise significantly.
Additionally, DOGE has started to be listed alongside BTC and ETH in the rising signal list, indicating that large capital is back! The news is generally bullish, but remember: excitement is one thing, don't get carried away!
Technical aspects
From the hourly chart, DOGE is currently still in an upward trend, with MACD having crossed above the zero line, indicating that short-term momentum is still present. However! There are two tough levels above: 0.13021 and 0.13353, especially the latter, which is today's 'pullback resistance level'; it can easily be knocked down if it reaches here.
My view is:
If the market continues to surge, it is likely to first test 0.13021, but breaking through 0.13353 at once is difficult. There you can look for opportunities to go short.
If it doesn't go up, it might pull back to test the range of 0.12687–0.12341, where you can short-term seize the rebound.
If it breaks below 0.12341, then be careful, as strong support is near 0.11994, which might be the ultimate position for this pullback.
Zhouyi suggests:
If you haven't entered yet: don't chase the high! Wait for a pullback to the range of 0.12687–0.12341 to build your position in batches, with the stop loss below 0.12341.
If you already hold: near 0.13021–0.13353 you can reduce part of your position and leave some to see if it can break through.
If you like excitement: try a light short near 0.13353, set the stop loss at the previous high, and aim for below 0.12687.
The market changes rapidly, and the hourly chart is just the tip of the iceberg. Want to know if DOGE will suddenly surge tomorrow? Which hidden indicators have hinted at the main force's direction? Follow 'Zhouyi', and I will provide real-time reminders of entry and exit points in the village, with not only analysis but also real-time strategies!#加密市场观察 $DOGE
