I am Qi He. Just finished watching the market and found that many people are anxious: With DOGE's continuous decline, is tonight a desperate counterattack or a continued bottom-testing? Don't panic, let me clarify it for you in plain language.
News: Doctor's endorsement, is it a cure or a smoke bomb?
The highest IQ doctor comes out to shout support for DOGE, and the short-term sentiment will definitely be stimulated. But old players know that celebrity endorsements come quickly and go just as fast. What's worse is that the market's attention has already been diverted to new coins like MAXI, a 'low market cap alternative'. The surge brought by news is often an opportunity for heavily invested people to reduce their positions, rather than giving you the courage to chase prices.
Current market: externally strong but internally weak, the rebound feels a bit 'hollow'.
Looking at this 4-hour chart, the trend is clearly downward. The levels of 0.15310 and 0.14500 are like two mountains, weighing heavily. The key watershed below is 0.13500; if it breaks, the support at 0.1265 will be in danger. Although the MACD has shown a 'golden cross' below the zero line, indicating a rise, upon closer inspection, the volume has not kept up, which is a 'technical resistance' and lacks strength. It's like a person who has been hungry for several days, stands up and sways, but has no strength to run.
What should the player do?
For those with heavy positions: If the rebound fails to break through the 0.140-0.145 area, quickly reduce your position and don't hesitate.
For those looking to catch the bottom: Control your hands! Don't catch falling knives in the middle of a decline. If you really want to bet on a rebound, only use a small position, consider buying in batches in the 0.1265-0.130 range, and you must set a stop loss, for example, if it breaks 0.120, then accept the loss.
For those watching with no position: You are the smartest. Wait! Either wait for it to break the 0.153 level strongly and reverse the trend, or wait for it to fall through and show a clear stabilization signal before acting.
Personal opinion from Qi He:
Tonight is crucial! If the bulls can use the strength of the MACD golden cross to push the price above 0.14500 and hold it, there might be some upward space in the short term. But if the volume remains weak, it’s very likely to be pushed down when it reaches around 0.14500, so we need to be careful of it retesting support at 0.13500 or even lower.
Remember, Qi He doesn’t play hollow games. What you want is 'understandable, profitable' content, and what I want is to help you avoid pitfalls and seize opportunities. Follow Qi He, + the chat room to help you avoid pitfalls, analyze subsequent capital movements in real time, and capture every profit window!
