A friend told me he went all in on DOGE, aiming for a $1 return. I laughed.
Not that I laughed at his stupidity, but at his naiveté.
Another friend bought DOGE at the peak of the 2021 bull market, at $0.70. He's still hoping it will return to its all-time high.
From a technical perspective, the current shrinking trading volume indicates insufficient buying pressure. The evening star pattern and the overbought RSI signal create a bearish confluence, suggesting the market may face short-term pullback pressure. While the price has broken through short-term moving averages and formed a golden cross, the shrinking volume indicates insufficient upward momentum.
Strategy 1: [Sideways Trading - Sell High]
Entry Area: 0.12139 USDT
Stop Loss: 0.123 USDT
Target Area: 0.11 USDT
Strategy 2: [Sideways Trading - Buy Low]
Entry Area: 0.09461 USDT
Stop Loss: 0.093 USDT
Target Area: 0.1065 USDT
{future}(DOGEUSDT)