I am Zhou Yi, and today the market is restless again! The one-hour candlestick has directly surged with high volume, and the MACD yellow and white lines are running upwards below the zero axis, clearly telling you: I want to charge!
Don't forget the news!
Recently, Elon Musk has been making cryptic comments on Twitter, and Dogecoin could take off at any moment due to a single sentence. Plus, with the recent resurgence of meme coins, Dogecoin, as an old internet celebrity, has been consistently attracting attention from investors. But remember: news is like fireworks, while technicals are the foundation.
Current situation breakdown
First, let's look at the data: Dogecoin's current price is $0.14349, just a step away from the first resistance level of 0.14745. Further up is the tough level at 0.15205. What about going down? The support level is at 0.13934, and the worst-case scenario is hitting 0.13510.
The signal conveyed to me by the technicals is: bullish in the short term, but don't go crazy. A MACD golden cross is a good thing, but the price is already close to the overbought area; after a rise, there will definitely be a pullback, this is a hard rule.
Zhouyi's view: This is how it will go today!
I think: The dog is likely to rise first today, testing the resistance level at 0.14745.
If it can break through with volume, the next step is to look around 0.15205. But be careful—when it gets to these two positions, definitely don't chase high! That is the area where the main force may unload stock, and a pullback can happen at any time.
If the rise is weak and turns down, the first support looks at the range of 0.14284～0.13934, where you can lightly bet on a rebound. If it can't hold even here, then be careful; the major support is at 0.13510, which is the extreme pullback level of this wave of rise.
What should players do? Zhouyi gives you two sentences:
Aggressive: Lightly try to long near 0.13934, set stop loss below 0.135, target at 0.14745.
Conservatives: Wait for a break above 0.14745 and stabilize before following up, or wait for a pullback to around 0.13510 to gradually position.
Remember: Better to miss than to make a mistake.
In the ever-changing cryptocurrency world, both macro and micro are equally important. The interest rate cut opens a new phase, and Zhouyi Village provides you with clear hardcore points to help you save time and effort, accurately grasp the rising trend.
If you don't know the specific entry timing and exit points, and for fans who are holding positions, you can follow Zhouyi. Zhouyi will announce the daily cryptocurrencies, entry points, and exit timing in the chat room!#加密市场观察
