【DOGE These K lines are laid out, the intention is no longer hidden】
In the afternoon, DOGE is actually quite restrained.
I have never removed this coin from my watchlist. This price has been hovering around 0.124 for quite a while, not rushing up nor crashing down directly, as if waiting for someone to make a decision. RSI is at 39.7, not low, but not a slow recovery either; it's evident that there is a bit of tug-of-war between bulls and bears. However, looking at the patterns shown in these K lines, the rhythm of the pullback hasn’t been disrupted; the lows haven’t broken below previous lows, and the volume hasn’t completely dried up, indicating that someone is still buying at the bottom.
One possibility is that it really wants to consolidate and gather strength. The overall market sentiment hasn’t been very hot these days, but it hasn’t collapsed either. DOGE being able to stay stable and not break down in such an environment is actually quite strong. If there’s a slight increase in volume later, it might not be impossible to test the upper resistance. After all, MEME coins have never relied on fundamentals to turn things around; they rely on popularity and rhythm—right now the rhythm is still there, and the popularity hasn’t dispersed.
Another possibility is to explore further down, washing out those anxious funds. For example, breaking below the recent consolidation range, executing a quick kill to scare out the chips, and then quickly pulling back. This kind of tactic is too common with DOGE; the last time it was like this, it declined for two days, then suddenly a big bullish candle broke free from the constraints of the moving averages. So don’t be fooled by the current stagnation; it might be building up for a big move.
Of course, I’m not telling you to go all in. The seasoned investors know that it’s okay to play with some pocket money with this kind of coin, but going all in can easily get you thrown off the train. The key is not to get washed out, and don’t chase high positions. My own strategy is to keep the base position unchanged, leave some bullets to see the situation, not being greedy when it rises, and not panicking when it falls.
Ultimately, DOGE is not following a trend market right now; it’s a psychological battle. If you can endure the volatility, there is a possibility to benefit from the subsequent breakout. As for whether it can break through? I don’t know, but the K lines are laid out there, and the intention is no longer hidden. It all depends on whether the main force wants to wash for a few more days or just make a clean move. Let’s keep an eye on it and not guess randomly.
$DOGE #DOGE
{spot}(DOGEUSDT)
{future}(DOGEUSDT)
In the afternoon, DOGE is actually quite restrained.
I have never removed this coin from my watchlist. This price has been hovering around 0.124 for quite a while, not rushing up nor crashing down directly, as if waiting for someone to make a decision. RSI is at 39.7, not low, but not a slow recovery either; it's evident that there is a bit of tug-of-war between bulls and bears. However, looking at the patterns shown in these K lines, the rhythm of the pullback hasn’t been disrupted; the lows haven’t broken below previous lows, and the volume hasn’t completely dried up, indicating that someone is still buying at the bottom.
One possibility is that it really wants to consolidate and gather strength. The overall market sentiment hasn’t been very hot these days, but it hasn’t collapsed either. DOGE being able to stay stable and not break down in such an environment is actually quite strong. If there’s a slight increase in volume later, it might not be impossible to test the upper resistance. After all, MEME coins have never relied on fundamentals to turn things around; they rely on popularity and rhythm—right now the rhythm is still there, and the popularity hasn’t dispersed.
Another possibility is to explore further down, washing out those anxious funds. For example, breaking below the recent consolidation range, executing a quick kill to scare out the chips, and then quickly pulling back. This kind of tactic is too common with DOGE; the last time it was like this, it declined for two days, then suddenly a big bullish candle broke free from the constraints of the moving averages. So don’t be fooled by the current stagnation; it might be building up for a big move.
Of course, I’m not telling you to go all in. The seasoned investors know that it’s okay to play with some pocket money with this kind of coin, but going all in can easily get you thrown off the train. The key is not to get washed out, and don’t chase high positions. My own strategy is to keep the base position unchanged, leave some bullets to see the situation, not being greedy when it rises, and not panicking when it falls.
Ultimately, DOGE is not following a trend market right now; it’s a psychological battle. If you can endure the volatility, there is a possibility to benefit from the subsequent breakout. As for whether it can break through? I don’t know, but the K lines are laid out there, and the intention is no longer hidden. It all depends on whether the main force wants to wash for a few more days or just make a clean move. Let’s keep an eye on it and not guess randomly.
$DOGE #DOGE
{spot}(DOGEUSDT)
{future}(DOGEUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DOGE
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