Dogecoin (DOGE) is currently at an important Technical Analysis Node. The price has reached a key trend line support while entering a high volume area, which provides investors with potential go long opportunities.

However, more cautious investors may choose to wait for clearer market signals. This includes observing the formation of a new uptrend or waiting for signs of continuation in the current downtrend. Although this strategy may miss the initial price movements, it can provide greater certainty.

From the daily chart perspective, the trend of DOGE can be divided into two possible scenarios:

The first scenario is when the price breaks through the descending trend line and finds support during the pullback. This may indicate that the downtrend is about to end, providing investors with a go long opportunity. The best entry point may be when a clear buy signal appears in a smaller time frame or when the price breaks through a significant trading zone.

The second scenario is when the price breaks below the upward trend line and subsequently rebounds to encounter significant resistance. In this case, the downward trend may continue, and investors could consider going short. Similarly, looking for entry points in smaller time frames or waiting for the price to break below the previous trading accumulation area may be a better strategy.

It is worth noting that the cryptocurrency market is influenced by a variety of factors, including but not limited to macroeconomic policies and regulatory environments. Investors should take these factors into account when making decisions and develop trading strategies based on their own risk tolerance.