CRIPTO Currency: Action strategies Price for trading dogecoin (DOGE)
Dogecoin, a popular currency and a room even, exchanged the head of the digital real estate market. With a relatively low action price compared to other cryptocurrencies, it is crucial to identify key models and strategies for successful dog trade. In this article, we will explore some effective price strategies for Dogecoin trading, as well as a complete guide on how to apply them.
Understand the price of action
The price action refers to a visual display of the movement prices of cryptocurrencies, including trends, level of support and resistance and volatility. Effective traders must be able to recognize and analyze these models to make informed decisions. Regarding Dogeu’s trade, you will have to focus on the following key aspects of its price:
* Trends : Identify long -term trends by testing the price of prices over a long period.
* Support and resistance levels: Find potential support and resistance levels where prices tend to bring back or revive.
* Volatility : Analyze volatility indicators, such as the volume and the range of trading, to assess mood on the market.
Action strategy price for dog trading
Here are some effective strategies for the Dogecoin trade:
- Cross-sur-le-dessus medium
: This strategy includes a purchase when the short-term mobile medium wire (MA).
- Trend Treat : Use technical indicators such as RSI, MacD and Bollinger bands to identify trends.
- Fork trading : Identify the range in which prices tend to fluctuate between support and level of resistance.
Example: Mobile average crossing
Suppose you are considering the price regime and note that the short -term MA (7 days) will cross the MA in the long term (21 days). You can take a long position when this crossing occurs, as this may indicate a potential trend up.
| Date | MA in the short term | MA in the long term |
| — | — | — |
| April 1 | 100.50 | 120.00 |
In this example, the crossing took place on April 4. If you buy at a price level of $ 0.070 per range when it crossed the MA in the long term, you could sell the same price level if it drops below.
Example: following trend
Suppose the Doge prices table shows a downward trend, and the MA in the short term (7 days) is about to cross the MA in the long term (21 days). You can take a short position when this crossing occurs because it can indicate a potential trend turn.
| Date | MA in the short term | MA in the long term |
| — | — | — |
| April 1 | 100.50 | 120.00 |
In this example, the crossing took place on April 4. If you sell at a price level of US $ 0.070 per reach when it crossed the MA in the long term, you could buy at the same price level if it exceeds.
Example: beach trading
Suppose you are considering the price diagram and notice that it has broken the level of resistance (my 50 days). You can take a long position when this happens, as this may indicate a trend up. However, you should also be ready to sell your posts if the trend is opposite.
| Date | MA in the short term | MA in the long term |
| — | — | — |
| April 1 | 100.50 | 120.00 |
In this example, the level of resistance reached April 4. If you buy at a price level of $ 0.070 per range when it crossed the MA in the long term, you could sell the same price level if it drops below.
Conclusion
Price trading actions are a key aspect of the cryptocurrency market, and Dogecoin is no exception. By mastering key concepts such as trends, support and resistance levels, volatility and medium mobile indicators, traders can make informed decisions and increase their chances of success in this area. Do not forget to always be aware of the market feelings and adjust your strategies accordingly.
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