I am Nanxi. I just noticed a detail in the four-hour chart of Doge — the MACD yellow and white lines have quietly crawled above the zero axis, and there’s a 'golden cross above water'! What signal is this? Simply put, it's like shifting gears to accelerate while driving; short-term momentum might be coming. But don't rush, before we charge ahead, we need to look at the road signs first.
Looking at the liquidation data:
In one hour, long positions (bullish people) exploded 1.14 million, while short positions exploded only 77,000. What does this indicate? It indicates that the rise is a bit 'hollow' and is pushed up by high leverage long positions, making the foundation unstable. Such a rise can lead to many people being liquidated with just one pullback.
Everyone's position size is different; I suggest finding Nanxi, becoming a villager in Nanxi's village, synchronizing entry and building positions, and Nanxi will help you plan your positions and control risks!
Technical aspect:
Currently, Doge is stuck around 0.133, with 0.136 being the first hurdle above, and 0.140 presenting even greater pressure. What about below? 0.129 is a short-term lifeline; if it breaks, it might slip to around 0.126 for support. So where will it go tonight? I tend to look for a rebound first, why? Because the trading volume is shrinking, indicating that selling pressure has temporarily eased, giving the bulls a chance to make a sneak attack.
Many people jump in when they see a 'golden cross' and end up getting trapped halfway up the mountain. Nanxi tells you: a golden cross is not a universal key; the key is to see where it appears. This time it is the first return to the zero axis after a decline, belonging to a 'weak rebound structure', so don't have too high expectations. A true trend reversal must break through 0.140 with volume and stabilize; otherwise, it will just be a choppy market.
My suggestion: you can try to enter with small positions between 0.129-0.132, set a stop loss below 0.128, and aim for 0.136 first. Remember, this is a short-term play; take profits quickly and don't be greedy. If it really drops to around 0.126, it could be an opportunity for medium to long-term positioning, but you have to wait for a signal confirmation—what kind of signal specifically?
If you don't know how to time your entry, you can follow Nanxi, who will analyze in real-time in the village and provide the current best entry points.
So how should we monitor the market now?
Focus on whether 0.136 can break through with volume; if the breakthrough is weak, it might retest 0.129. If it breaks below 0.129... don't panic, I will remind everyone to pay attention to a 'hidden entry point' near 0.126; once a stabilization signal appears at that position, it could be an important low point for the second half of the year.
I am Nanxi, not just reporting points, but also teaching you methods. Every day in the village, I share my real trading observations and swing strategies, no myths, just real trading records. If you are tired of being led by the market and want to learn to judge your own entry and exit timing—find Nanxi!
