Brothers, I'm Hongcai. Is the Dogecoin in your hands still not moving? Don't worry, today I will not only tell you why DOGE is 'lifeless', but also unveil a huge mystery laid down by the main force at the position of 0.1236. If you understand it, you might be the winner of the next wave of market.
News:
During Christmas week, US stocks are closed, and large funds are on vacation. This is like a highway suddenly devoid of cars for the entire crypto market, leading to liquidity exhaustion. At this time, dog dealers love to do one thing: use a small amount of funds to 'draw pictures' and create technical traps. Remember, in a market without liquidity, every fluctuation could be a 'pit'.
Technical aspect:
The MACD double lines have fallen below the zero axis, forming an 'underwater dead cross', which is a signal of strong bearish momentum.
The price is compressed within a narrow range from 0.1294 to 0.1264, with 0.133 and 0.136 like two great mountains.
The trading volume has shrunk drastically, and the red bars have turned to green bars and are very short. What does this indicate? Both retail and institutional investors are waiting, and the market is looking for a directional stimulus.
My viewpoint:
DOGE is showing a bearish short-term fluctuation, but it is at a critical point for a trend change. The underwater dead cross indicates a bearish advantage, so the first rebound to the resistance level around 0.133 is highly likely a false breakout, providing an opportunity for you to reduce positions or try shorting; it is definitely not the time to chase after prices. The real battle lies in the support at 0.1264 below. Once the volume breaks below, it will quickly slide to the ultimate defense line at 0.1236.
What players should do:
Aggressives: In the range of 0.1290-0.1330, you can take light positions for short selling.
Conservatives: Patiently wait for direction to be chosen. If the volume breaks below 0.1264, do not rush to catch the bottom; wait for a stabilization signal around 0.1236 before considering buying in batches. If the volume breaks above 0.1360, then you can follow the trend with a light position.
Iron rule: No single position should exceed 5%, and be sure to set stop-loss orders. In a volatile market, surviving is more important than how much you earn.
This wave of silence in DOGE is precisely the best time to observe the institutional players' cards. If you don't want to be at a loss in future surges or crashes, becoming a target for harvesting, then you must learn to understand these signals. Follow Hongcai; I will not only monitor the market for you but also guide you in interpreting the institutional language behind the data.
A downturn is not the end, but a test to reveal your understanding and discipline. Those who can remain calm in panic can seize the next wave of surges. Follow Hongcai and participate in every attack! Hongcai will announce specific entry times and real-time updates in the chat room every day!#加密市场观察 $DOGE
