The wider market is in a decline and how many top cryptocurrencies, Dotecoin (dogy) faces bear pressure With volatile price movements. In view of his weak position, many have thought about selling their bags. In this sense, a crypto analyst has presented its sale strategy that is highlighted Key Fibonacci values This could serve as optimal exit points.
Dogecoin Sell Strategy: Fibonacci Levels to watch
In a recent X (formerly Twitter) postCrypto Analyst The Charting type discussed its strategy for Sale of dotecoin Based on Fibonacci expansion and retracement levels and general market trends. The analyst said that he would sell most of his Doge involvement if the price of Dotecoin is increasing to the level of 0.702 or 0.786 Fibonacci in the coming months and does not break it up. This sales strategy aims to mitigate potential losses and to make as much profit as possible, even with the Market weakness.
The charting type announced that its thesis for the future Dogecoin price campaign indicates that A Soil can formFollowed by a potential market summit until the end of April or early May. He announced that he was planning to sell his bags near this prices and expected a strong breakdown in new lows in March 2025.
Share a Dowecoin Prize -Igram In a weekly time frame, the Charting type draws several Fibonacci retreat and extension levels of an important high and low. The 0.702 FIB value at $ 0.43 acts as a potential resistance zone for Dogecoin.
If the Meme coin can claim and break through this level of resistance, the crypto analyst predicts that it could regain its former bullish swing And aim according to higher fibonacci values. This could lead to a gradual increase in the most important FIB values: 0.618 (0.26 USD), 0.786 (0.42 USD), 0.888 (0.55 USD), 1 (0.76 USD), 1.272 (1.60 USD), 1.414 ($ 2.36) and ultimately $ 4.18 ($ 4.1), the highest bull Bullish destination.
On the other hand, if Dogecoin is not breaking and rejected, this would confirm a wider market weakness and possibly lead to one Deeper price correction To reduce fibonacci support of 0.382 (0.139 USD), 0.236 (0.09 USD), 0.136 (0.07 USD) and 0 (0.0491 USD).
Before that, the charting type indicated that it would sell his suitcases instead of thinking as one rise to $ 1. He plans to leave the market between 0.32 and 0.42 USD. Prioritization of profit About unnecessary risks.
The golden bag weakens the optimistic view from Doges
During the Charting type, a bullish and bear’s outlook for Dotecoin projects, including the crypto analyst Highlights that the popular The Meme coin has weakened Reinforcement of the possibility of a more negative price campaign. He announced that Dogecoin lost his golden bag by 0.618 (0.267 USD) – 0.65 fib (USD 0.30).
The Golden bag The loss had weakened DOGE’s position, which made it more risky to keep in the long term and to invalidate the Bullische charts of the analyst.
Selected picture of Unsplash, diagram of tradingview.com
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