【To be honest, DOGE's current behavior makes it hard for me to sit still】
The first thing I do when I wake up is check DOGE, and this segment is quite intriguing.
Would you take a shot at this position? It's been hovering around 0.129 for almost two days, neither up nor down, reminiscent of my ex-girlfriend's attitude before the breakup—neither saying to go nor to stay. The RSI is stuck just above 40, neither oversold nor strong, it’s just a “cooling-off period.” To be honest, the position I currently hold was accumulated last year at 0.06, and I didn’t dare to sell everything during the few spikes; now watching it sway here makes me a bit anxious.
This position carries a lot of gaming implications.
One possibility is: this pullback is actually a washout. Look, the previous spike to 0.15 was too heated, with Musk tweeting and the whole world following suit, even the pancake vendor downstairs was asking, “Can Dogecoin still surge?” In times like this, who would the main force wash if not you? Now it’s consolidating with reduced volume, as if waiting for the moving averages to catch up; if it can stabilize at this small platform of 0.125 next, and then produce a bullish candle, it could lead to another short squeeze. After all, the essence of MEME coins is not technology, but belief + hype, as long as the topic continues, the dog can run.
But we also have to guard against another possibility—it really might go back to fill the gap at 0.11. Recently, the overall market has been sluggish, with BTC hovering around 90,000, and funds are a bit weak. DOGE itself doesn’t have any actual ecological support, relying purely on sentiment; once the market turns conservative, it’s the first one to crash. Moreover, you see the big dogs on-chain have been quiet lately, with no new wallets coming in to accumulate, which indicates that currently more retail investors are pulling each other, and without a leader, breaking through is tough.
So my current strategy is: do nothing. Keep the base as a commemorative coin; happy if it rises, consider it a collection if it drops. If it really breaks downwards, I might move some small money to short and play a rebound; if one day Musk suddenly tweets something crazy like “Doge to the moon with Tesla,” then don’t hold back, going crazy together is the greatest respect for Dogecoin.
It’s not true that I'm not tangled up.
In short, playing DOGE is like raising a mischievous dog; the more anxious you are, the more it lies down, the more relaxed you are, the more it brings the ball back. It all depends on whether it wants to run this time or not.
