$DOGE is currently quoted at 0.17219, with bears clearly in control. The price has already lost the support of the Bollinger middle band and is oscillating in the lower-middle band range, showing a weak technical outlook.
It is worth noting that after the bandwidth of the channel narrows, it begins to diverge downward. The price is suppressed below the middle track, and there are clear short-term bearish signals. However, it is currently in an extremely oversold state, and such positions often lead to technical rebounds, so it is not advisable to blindly short.
Trading strategy: If there are signs of stagnation when rebounding to the resistance range of 0.1750-0.1770, consider taking a light short position with a stop loss set above 0.1780. The first target is 0.1700, and if it breaks down, further look towards 0.1650. Remember to control your position size; at this level, you need to follow the trend while also guarding against reversals.
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ChainProspector
· 11-14 22:47
I can't keep up with your rhythm.
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LiquidityHunter
· 11-12 13:58
0.1750 not broken, the bulls are just giving away free money. The liquidity data already tells you the answer.
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SadMoneyMeow
· 11-12 08:29
No money to short, A-Sang is waiting to enter a position at 0.16.
#美国政府关闭 DOGE afternoon trend observation
$DOGE is currently quoted at 0.17219, with bears clearly in control. The price has already lost the support of the Bollinger middle band and is oscillating in the lower-middle band range, showing a weak technical outlook.
It is worth noting that after the bandwidth of the channel narrows, it begins to diverge downward. The price is suppressed below the middle track, and there are clear short-term bearish signals. However, it is currently in an extremely oversold state, and such positions often lead to technical rebounds, so it is not advisable to blindly short.
Trading strategy: If there are signs of stagnation when rebounding to the resistance range of 0.1750-0.1770, consider taking a light short position with a stop loss set above 0.1780. The first target is 0.1700, and if it breaks down, further look towards 0.1650. Remember to control your position size; at this level, you need to follow the trend while also guarding against reversals.