The broader market is low, and like many higher encrypted currencies, Dogecoin (Doge) faces downward pressure With volatile price movements. Looking at its current weak position, many thought about selling their bags. Time in mind, select an analyst to encrypt his strategy in selling, highlighting Main Fibonacci levels It can serve as perfect exit points.
Dogecoin Selling Strategy: Fibonacci levels to watch
In x (Twitter previously) mailThe encryption analyst discusses the planned man his strategy Sell Dogecoin Based on the levels of extension and retreat, Fibonacci and the total market trends. The analyst announced that if the price of the Dogecoin rises to the level of 0.702 or 0.786 Vibonacci over the next few months and fails to break over it, he will sell most of Doug’s holdings. This sales strategy aims to reduce possible losses and achieve the largest possible profit, even with Market weakness.
The planned man revealed that his thesis on the work of Dogecoin in the future indicates that a The bottom may be formedIt is followed by the peak of the potential market in late April or early May. He announced that he intends to sell his bags near this peak price, expecting a severe collapse to its lowest level in March 2025.
Share a Dogecoin price scheme In a weekly time frame, the planned man draws many levels of retreat and extension Fibonacci from one of the high and low keys. 0.702 FIB level at $ 0.43 acts as a possible resistance area for Dogecoin.
If the M. currency is able to claim this level of resistance and its penetration, the encryption analyst predicts that it can restore the previous one Gallery momentum And a goal for the highest levels of Fibonacci. This can lead to a gradual rise in the main FIB levels: 0.618 (0.26 dollars), 0.786 (0.42 dollars), 0.888 ($ 0.55), 1 (0.76 dollars), 1.272 ($ 1.60), 1.414 ($ 2.36), and eventually $ 1.618 ($ 4.1), the highest goal.
On the other hand, if Dogecoin fails to break this level and reject it, this will confirm the weakness of the market wider and may lead to a Correct a deeper price To reduce Fibonacci support levels of 0.382 ($ 0.139), 0.236 ($ 0.09), 0.136 ($ 0.07), and 0 (0.0491 dollars).
Before that, the plan stated that he would sell his bags instead of adhering to him It rises to $ 1. It plans to get out of the market between $ 0.32 and $ 0.42, Giving priority to profits On unnecessary risks.
Golden Pocket weakens Duj Al -Saudi expectations
While the planned man shows a thunderbolt and a fool of Dogcoin, the encryption analyst also High That is popular I weakened Mimi, Enhancing the ability to make a more negative price. He revealed that Dogecoin lost its golden pocket around 0.618 ($ 0.267) -0.65 FIB levels ($ 0.30).
this Golden pocket Weaken the loss from Doug’s mode, making the risk to keep the long term and nullify the bullish plans of the analyst.
Distinctive image from Unsplash, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
