Brothers who are still watching the market at two in the morning, raise your hands! Your old Yang just finished analyzing the 15-minute K-line of DOGE, almost spraying coffee on the screen; this guy is simply performing an 'extreme pull', oscillating around 0.13, the range is even smaller than my morning run strides. Is there someone staring at the screen who is about to doze off?
But listen to my advice: the more 'Zen' the market in the crypto circle, the more it hides a 'volatile' trend. I've been watching DOGE for three years, and I've seen this kind of grinding sideways phase no less than ten times; each time is a prelude to big fluctuations. No beating around the bush today, I'll directly break down the K-line chart that I drew with three lines for you; the signals for buying and selling are clearer than an alarm clock.
Let me highlight my core judgment: Currently, DOGE is in a state of 'bears dominating but exhausted'. In the short term, several key cost lines are all pressed above the price, like a ceiling over the market, which is a clear sign of weakness; interestingly, after it broke below 0.1295, it quickly rebounded, indicating that the bears don't have enough chips to break the bottom line. Now we are just waiting for an 'external signal' to break the balance; either a surge or a breakdown, it can't stay flat for long.
My iron law for going long: Missing one of the three signals means not touching it.
Don't listen to those 'bottom-fishing' calls; until DOGE gives a clear reversal signal, entering is like playing the 'bag holder'. I only recognize three conditions, and only when they are met will I move my position.
Volume and price must break through two levels: The price must break through 0.13012 and 0.13032 with trading volume, and hold steady for at least 3 15-minute candlesticks. These are not lines I drew randomly; they are the pressure zones from the recent three rebounds. Only if it breaks through can we indicate that the buying power is truly exerting strength, not 'inducing more buyers'.
Stabilizing above 0.13 is crucial: This integer level is even more important than technical levels. How many people are making decisions based on 0.13? If it stabilizes, market sentiment will immediately shift from 'wait and see' to 'follow the trend', providing the momentum for future increases.
W-bottom structure forming: Gaining support again near 0.1295 and not making new lows, forming a 'double bottom' with the recent low point. This is the most solid bottom signal, equivalent to the market handing you a 'safety card'; entering here carries half the risk compared to chasing highs.
Key reminder: Even if all three signals are met, initially only build a 10% position to test the waters. There is no '100% guaranteed profit' in the crypto circle; keeping some position to handle unexpected situations is more reliable than going all in.
My logic for shorting: Two breakout signals are key.
If the market weakens, my shorting strategy is also clear: I don't guess tops, only chase breakouts. This is my experience in avoiding countless 'false short' traps.
If the rebound is weak, take action: If the price stagnates around 0.1301 or 0.13035 with decreasing trading volume, this indicates that the pressure above is genuinely strong. The rebound is just 'providing short opportunities'; enter with a light position and set a stop-loss at 0.1305.
Must follow up on the breakout platform: Once the price, along with trading volume, breaks below 0.12986 (today's low, also the bottom line of the sideways platform), don't hesitate, add a little position in the direction of the trend. If this position breaks, the short-term oscillation pattern will disappear, and downward space will open up.
If it rebounds but fails to confirm: After breaking down, if there is a rebound but it can't even regain 0.13, this is a 'false rebound', providing an opportunity to add to short positions. At this point, you can set your stop-loss above 0.13 and hold on securely.
Old Yang's exclusive reminder: Right now, DOGE is like a contestant 'holding back a big move'; until it makes its move, let's not stir things up. If it can't push up, just wait; if it doesn't break down, just watch. Without a clear signal, absolutely do not reach out; this is the core secret to surviving in the crypto circle.
To be honest, the crypto market is much more chaotic now than it was last year. Newbies watching the market on their own can easily get cut. Every day, I send out my organized potential coins and technical analysis notes to my fan group. A coin I reminded everyone to reduce their holdings on yesterday has already dropped 15% today.
Brothers who want to follow along and get my exclusive analysis notes can directly click on my profile to follow.
