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#WhenisBestTimetoEntertheMarket Buy the Dip or Wait?
Deciding whether to enter now depends on your risk tolerance:
The Argument for "Buy the Dip":
If you believe the $0.096 support is a structural "floor," current levels offer a tight risk-to-reward ratio. You can set a relatively close stop-loss just below $0.096 to protect against a deeper slide.
The Argument for "Wait":
The market is currently trading below the 100-hourly simple moving average. Historically, buying while under this moving average is risky because the "rebound" often gets capped by the $0.10 resistance, leading to another leg down.
Key Factors to Watch
Bitcoin Stability: BTC is currently struggling near the $68k support. If Bitcoin slips toward $60k, DOGE will likely break its current support regardless of technical strength.
Volume: Watch for a spike in buying volume near $0.097. If the price hovers there with low volume, it suggests a lack of buyer conviction.
Pro Tip: A "wait and see" approach until DOGE clears the $0.1005 resistance might mean missing the absolute bottom, but it offers much higher confirmation that the trend has actually reversed.