Dogecoin is at a position where it must choose a direction.
Recently, Dogecoin appears quiet, but the structural changes are quite intriguing. The price is compressed within a symmetrical triangle, with decreasing volatility, while the higher timeframe structure is quietly changing. This state is often not an end, but rather a preparation for the next market move.
From a larger timeframe perspective, Dogecoin's trend highly aligns with the accumulation structure in Wyckoff theory. The lows are gradually rising, the range is continuously tightening, and the emerging Wyckoff signals all suggest one thing: the market's potential strength is accumulating, not dissipating.#DOGE
Multi-timeframe perspective: 'patient game' within the range.
The idea proposed by Wyckoff Insider is very clear: within a multi-timeframe (MTF) range, do not chase after rises or sell during drops, but only go long in extreme discount areas and attempt to short in obvious premium areas. Because once in the MTF range, prices often repeatedly build Wyckoff structures near the high and low points of the range, giving the market enough time to digest the chips.
Currently, Dogecoin is in the extreme discount area of the MTF range and has formed a Boyan pivot point on the 8-hour level. The key at this position does not lie in the first or second K-line, but whether the third K-line provides a clear strong or weak signal (SOS). It is important to note that Bitcoin has previously exhibited a similar structure, but due to the large deviation on both sides of the range, the actual trading difficulty is significantly higher, which indirectly increases the complexity of operating Dogecoin.
Low cycle structure: it is not chaotic shaking, but logical oscillation.
If you switch the perspective to a lower timeframe, you will find that Dogecoin is not in chaotic fluctuations, but rather presents a typical Wyckoff Model 1 range oscillation pattern. When the third K-line opens and tests downward, traders' focus will be on the formation process of LPS, BOS, and internal BOS.
More specifically, there are usually two effective participation methods: one is to follow up after a BOS breakout appears at the 3-minute level, with a stop loss placed below the low of M1; the other is to wait for LPS shape confirmation after internal BOS appears before entering, with a stop loss placed below LPS. This type of operation emphasizes structural confirmation rather than subjective judgment of direction.
Trade management: controlling risk is more important than predicting direction.
Before the market gives a clear breakout, trade management is particularly crucial. The plan provided by Wyckoff Insider is relatively restrained and practical: control the risk of a single trade within 2%, set TP1 at the Wyckoff target area, realize about 40% of the position; place TP2 at the supply area of the first range, and immediately exit completely once a soft signal (SOW) appears.
The core of this method is not to 'eat up the entire market', but to steadily improve the winning rate through a structured approach during uncertain phases, while avoiding being taken away by the market due to a single judgment error.
The change in daily structure is the real highlight.
From a daily perspective, Dogecoin is still in a downtrend, but compared to past cycles, its resilience has significantly increased. Trader Tardigrade points out that the current structure has essential differences from historical downward phases. In the past, during a weak market, Dogecoin would often continuously refresh new lows, forming lower lows, thus strengthening the downward trend.
This time, the price did not choose to continue breaking down, but attempted to build higher lows within the symmetrical triangle. This structure often indicates that selling pressure is weakening, and sellers are gradually losing initiative.
A symmetrical triangle does not mean an immediate rise, but it usually indicates that 'the decline is failing.' When this formation matures, the market often迎comes a directional choice. As for whether it goes up or down, it depends on the subsequent cooperation of capital and sentiment, but it can be confirmed that Dogecoin is no longer a simple unilateral downward structure.
If the previous market was consuming patience, now it seems more like preparing for the next true volatility.#加密市场反弹
