DOGE: Summary of Binance Killers Community Discussion (03:00:09 ~ 04:00:09)

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1. Current Recommended Direction $DOGE has broken below the key support level of $0.095, and the structure is clearly bearish. The current rebound is only a technical reaction and not a trend reversal. It is recommended to short on shorting and be wary of false rebounds that "overextend the rally." It is not recommended to blindly long or make tentative positions. 2. Position and Risk Management Recommendations: We recommend short with a small position, focusing on the effectiveness of the $0.095 support level. Set a stop-loss above $0.095 to prevent a rebound breakout. Take profit in the area of ​​new lows below. Avoid heavy positions and chasing highs. Be cautious and strictly control risks. 3. Suitable for aggressive short-term traders or trend followers. Based on the clear bearish signal of the long-term downtrend line being suppressed and the support being broken, it is recommended to enter and exit quickly and avoid holding positions for too long. Rebounds are the windows to escape. It is not advisable to hold for the medium to long term before the trend changes.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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