Brothers, I am Mig. Is this DOGE's movement making your heart race?
Don't rush, let's discuss this together.
Key position deduction: The life-and-death line that bulls and bears must contend for.
Two ceilings above:
First pressure 0.14: This is the first 'ghost gate' for short-term bulls. Without volume and news stimulation, relying purely on the market's own strength, the probability of a one-time breakout tonight is very low.
High pressure peak 0.1451: This is not only technical pressure, but also a psychological defense line. Given the current overall market sentiment is bearish, and Dogecoin lacks hot narratives, reaching here would require a miracle.
Now let's look at the two defenses below; this is the main event of tonight:
First support 0.1265: This is the platform tested multiple times recently. If it breaks here tonight and doesn't recover within half an hour, the downward space will officially open up.
Bottom lifeline 0.12: This is the last bottom line of the entire chart structure. Once it breaks with volume, the trend will completely turn to bear dominance, possibly triggering panic selling.
Mig's Viewpoint: I tend to believe that the market will first "test the strength" downwards. Tonight, the greater probability is to test the support validity at 0.1265. There will be fierce competition here, and whether we can hold it will determine if we see a rebound or slide directly to 0.12.
Retail Investor Operation Guide: Give up fantasies, prepare for battle.
Position holders: If the rebound doesn't exceed around 0.14, it is time to reduce positions or stop-loss, not the time to add positions. Remember, preserving capital is more important than making profits.
Non-position holders: Feeling itchy to bottom fish? Hold on! The real opportunity is to wait for the market to find its own direction. Two key actions:
First, wait for it to drop to around 0.1265 and observe if there is a clear signal of a stop-loss in K-line for over 1 hour.
Second, if it breaks down, watch the market reaction around 0.12. Trading on the right side is always safer than guessing the bottom.
Everyone: In a shrinking market, fluctuations can easily be amplified; avoid heavy bets on direction.
0.1265 is my key focus point. Will this become the stronghold for a bullish counterattack? The market language and capital flow speed will tell us the answer in advance. This is not just a game of DOGE, but a reflection of the current mentality of retail investors.
Follow Mig, I won't just give you one conclusion; I will guide you through: "Is the main capital quietly accumulating at a key position, or is it ruthlessly stepping on it?" "Where might the potential catalyst that can turn the situation around be hidden?"
The market always has opportunities, but they are only available to those who are prepared. Here, Mig is with you to get ready.
