DOGE: Key Support Game, Long Strategy for the Afternoon is Here!
Brothers, today the DOGE market is really grinding! The current price is stuck in the 0.1460-0.1500 range, testing key support, and not only is the trend weak, but market sentiment is also particularly cautious, so we need to keep a close eye on the operations!
First, let's highlight: the recent lifeline is 0.1460; if it can't hold, it may drop to 0.1450 or 0.1425, with long-term hard support at 0.14. The first resistance above is 0.1487-0.1510; only breaking through will alleviate the downward trend, and strong resistance is around 0.20.
Why is it so weak? Three bearish factors to note: first, DOGE ETF is cooling off with only 2 million in inflows, and institutions are still selling; second, the technical aspect is lacking, with a descending triangle pattern + insufficient rebound volume, and both RSI and MACD are leaning towards bearish; third, the flow of funds has changed, shifting from meme coins to projects with actual functionality.
But there's no need to panic; potential positives are still there: ETFs can still bring liquidity in the long term, and now we’ve reached a key support level; a volume rebound could provide an opportunity to reverse the trend. In the short term, it leans bearish; if 0.1487 can't be taken, it will likely continue to test the bottom. In the medium to long term, we need to see if 0.20 can break; if it does, there is hope to hit 0.30-0.45 or even 1.0.
The afternoon operation strategy is straightforward: look for opportunities to go long in the 0.14400-0.14600 range, preferably entering closer to the lower edge for more safety. The first target is 0.14810, and the second target is 0.15100. Be sure to strictly control your position, set a stop loss below 0.14200, and exit decisively if it breaks! Cryptocurrencies are highly volatile, profits and losses are your own responsibility, and taking profits is the most reliable ~$BTC
