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【DOGE Short-term View】
Dogecoin is now at 0.09857. It surged but didn’t go up, and then it dropped, breaking below all short-term moving averages—its trend is relatively weak.
Take a look at the key levels:
· There is resistance above at 0.0992-0.0994, with strong resistance at 0.10093
· There is support below at 0.09855; if it goes lower, the lifeline is at 0.09687
The MACD just formed a dead cross, and the bulls don’t have the strength—bearish momentum is starting to show.
In terms of trading:
1. If it rebounds to around 0.099 and meets resistance, you can try a small short position; stop loss at 0.1005, target at 0.098
2. If it can hold above 0.0994, then consider long positions; stop loss at 0.0975, target at 0.100
3. Don’t chase the price up at this level. During the consolidation phase, watch more and trade less, and control your position size.
$DOGE $BTC $ETH