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When to buy the dip DOGE?
As shown in the figure, previously DOGE allowed everyone to escape the peak, and around 0.3 there was strong resistance turning downwards. Theoretically, the best re-entry opportunity is near the ascending trend line at 0.22-0.23.
Of course, the coin price won't move in a straight line; it will fluctuate with pauses in between. You can operate on short trades and then wait for important major support before making aggressive moves. If DOGE rises back to the upper trend line, we can still short, but currently, it seems less likely. Normally, it should go down to the lower support line.
In such major support and resistance operations, the odds of success are very high, and the risk-reward ratio is also favorable. Because a slight drop allows us to stop loss, and once it holds, we can reap a good chunk of profit. Therefore, operations should not be based on feelings; you need to understand why you should go long or short here. This is also the reason for our high win rate, so you must know how to analyze.