"Breaking through 0.115, Dogecoin will embark on a 'dreamlike' pilgrimage!" Liying's latest analysis of the 9.13 DOGE market
The current K-line pattern of Dogecoin is swinging between 0.095 and 0.105, like warming up for a game. It's time to officially start! On September 9, 2024, we saw a long positive candlestick, as if shouting in the market, "Come on, I'm here!" However, in the following days, although the K-line showed some upward movement, the overall increase was like an athlete on a diet, somewhat tepid.
Technical indicators: MACD: Our MACD is moving positively, with both DIF and DEA crossing and the histogram reversing from negative to positive. It seems that a little sunshine is coming in the short term! RSI is currently in the neutral zone, neither overbought nor oversold. The market is like a calm lake, without significant signs of strength or weakness for the time being. The short-term EMA7 has bravely crossed above the EMA30 but still cautiously remains below the EMA120. The short-term trend is somewhat "slightly positive," while the long-term trend still appears "contracted," making it a complex role.
The trading volume on the 9th surged to 896,750,540, like a lively party, with the enthusiasm of the buying side. However, in the following days, the trading volume slightly declined but still remained at a high level, indicating market participation akin to a bustling crowd in a market square.
Liying's thoughts:
Long at 0.100, close to the previous low, this is like an old friend, and the support at the round number provides a sense of security.
Defend at 0.095, if it goes down again, this is a "bottom" strong support and also the recent low point, definitely a good opportunity for "deep gold mining"!
Stop loss point: 0.093, in case it falls below 0.095, it may enter a "downward" mode, so be cautious and set the stop loss point below the previous low, like wearing protective gear to ensure safety!
Short at 0.110, close to the previous high, selling pressure is like an "invisible giant," and the round number definitely exerts pressure. It's time to act!
Defend at 0.115, after breaking through 0.110, there is a vast space above, and the next important resistance level is at 0.115, truly like a dream!
Stop loss point: 0.117, if 0.115 is broken, it indicates the continuation of the upward trend. Set the stop loss point above the previous high to better protect your wealth!
Maintain a relaxed and pleasant mindset. Investment is like an exciting adventure. Liying hopes everyone can ride the waves in the market and return with a full load of gains! 🚀💰
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