Coin Circle Academician: Market Analysis of Dogecoin (DOGE) on 2024.3.12
The Coin Circle Academician has been investing in the coin circle for more than a decade. In your eyes, it's about making profits with leverage, while I consider the abyss of risks. Your mindset determines your way out, and how you view the market from different angles determines whether you will take risks for profit. I, on the other hand, will let go of a trade for the sake of avoiding risks. The Coin Circle Academician team has carefully formulated a complete set of profit and breakeven plans for you. When you join us, we will spare no effort to ensure the safety of every penny of your profit. Finally, I would like to remind everyone: strength is not for show, but for gaining more recognition. It's more important to do well on your own than to seek validation from others. Whether it's a mule or a horse, take it out for a walk and you'll know. I have been tirelessly advising in my position, hoping that you can take fewer detours and make fewer mistakes in this market. Even though I speak earnestly, the path of investment still needs to be walked by yourself. Learning is endless, and only when you gain experience is it your wealth!
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Dogecoin (DOGE) is one of the most prominent digital assets in the cryptocurrency market. Technical analysis shows that the price of DOGE has been fluctuating significantly. Recently, with the volatility of the entire cryptocurrency market, the price of DOGE has also experienced large fluctuations. However, overall, the price of DOGE has shown relative stability. Technical indicators demonstrate the characteristics of DOGE price fluctuations, but also reflect investors' confidence in its long-term value.
From a technical perspective, the recent stretch of the market has been quite powerful. Currently, the daily K-line still shows a trend of opening high and rising, and the trend indicators EMA moving averages are all stretching upward, providing strong support for the K-line. The overall trend has shifted from the original support of 0.08 to the current 0.16, which is generally bullish. The MACD volume has decreased, forming a bearish divergence trend with the K-line. It is important to be cautious of the possibility of a major callback by the main force. The KDJ is forming an upward alternation and is being resisted at the 0.185 pressure level. The key focus above is on the 0.2 pressure point. If it is not broken, it is advisable to take short positions for profit and remember to secure the gains. In terms of strategy, it is recommended to focus on short positions in the 0.185 and 0.208 range, with long positions as a secondary focus on the support points of 0.15 and 0.08.
This article is exclusively provided by the Coin Circle Academician and represents the Academician's exclusive viewpoint. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Trade reasonably and control your positions properly. Do not over-leverage or go all in. The Academician also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on your own issues and not let the potential profit slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards dedication. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. Feel free to leave a comment in the comment section. The Coin Circle Academician wishes you a pleasant investment experience!
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