【Just finished watching DOGE's chart, this structure really feels comfortable🚀】
In the evening, I sat down to seriously analyze the chart, and DOGE started to feel a bit interesting.
I've been keeping an eye on this coin for the past few days. To be honest, I've chased it when it went up and cut losses when it fell. Old investors know that feeling of being tossed off the car back and forth. But this time is different; the price has been hovering around 0.130122 for a few days, neither hot nor cold, and the volume hasn't really increased, but it gives a feeling of “building up energy.” The RSI is stuck at 48.1, neither rising nor falling, not in overbought territory nor oversold, as if waiting for some signal. This stage of oscillation and accumulation, to be honest, makes me more concerned than a sudden spike—because you know, once it really gets moving, it could just be a matter of one or two candlesticks.
This doesn't feel like a casual pull.
I think there are two likely scenarios for the next move. One is to continue grinding, stay sideways for another day or two, wash out the short-term chips, and then suddenly increase the volume to break through the recent small high point. Once the sentiment is ignited, DOGE can be quite irrational, pulling out a big bullish candlestick in no time, and a surge isn't impossible. After all, this is the origin of memes, and community enthusiasm has never waned; as long as the overall market doesn't suddenly go haywire, it has a chance to lead the way.
The other possibility is to first take a small step down, drop a bit to fill a gap, shaking out those who can't hold on one more time. This kind of move can be quite uncomfortable, but looking at it from another angle, if it does happen this way, it might actually be a healthier adjustment. I’ve experienced this kind of routine several times, where it looks like it’s about to collapse, but there are actually many buyers waiting below, and it quickly rises again.
Of course, I’m not saying it will definitely go up; just from the current stage, the bulls seem to have a slightly bigger opportunity than the bears. But that said, this is DOGE, not a blue-chip stock; emotions drive everything, and no one knows what Musk might tweet in the middle of the night. So, I still have to control my position; don’t get too carried away.
Anyway, I’m currently just holding my base position and watching the show. If it really moves, I won't be greedy; I'll just follow along.
