Brothers, the Dog King DOGE can't hold on anymore! The MACD on the 1-hour chart has crossed downwards, with the yellow and white lines steadily declining below the 0 axis, and the volume continues to shrink—this is a typical downhill trend! There is immense pressure at 0.13547 above, and if it breaks below 0.1297, it will accelerate downwards. With the liquidity dried up during Christmas week, will the Dog King rebound from the brink or continue to play dead? Xin Ying uses data and the market to tell you the answer!
News Interpretation: Christmas liquidity is 'drying up', and the Dog King is hard to stand alone.
Market Background: QCP clearly indicated this morning that liquidity has significantly contracted during Christmas week. The open interest of BTC and ETH perpetual contracts decreased by about $5 billion overnight. The market is actively deleveraging, not increasing positions.
Impact on DOGE: The worse the liquidity, the more easily the fluctuations are amplified, especially for highly volatile varieties like DOGE, where even a small buy or sell order can trigger severe spikes.
Key Reminder: This Friday, there will be a large-scale options expiration. In a low liquidity environment, the Dog King is more easily manipulated by large funds. Do not chase highs or cut losses!
Technical analysis: The 1-hour chart shows a bearish arrangement, and rebounds are all selling points
Pressure and Support:
Pressure: 0.13547 (intraday pressure) → 0.14125 (strong resistance on pullback)
Support: 0.12970 (key level) → 0.12515 (intraday support) → 0.12022 (rebound support)
Indicator Signal:
MACD: The yellow and white lines are uniformly declining below the 0 axis, with a golden cross turning into a dead cross, and bearish momentum is obvious.
Volume: Continuous shrinkage indicates weak buying, belonging to a mode of gradual decline.
Market: Selling volume is greater than buying volume, with net outflow of funds.
Structural Judgment: Overall, there is a trend of oscillating downward. Each rebound presents a better shorting opportunity. If 0.12970 is broken, it will accelerate the drop to 0.12515 or even 0.12022.
Xinying's personal opinion: Mainly short, wait for signals to bottom fish
If it rebounds to around 0.13547: it is an excellent shorting position. Set the stop loss above 0.14125, with targets of 0.12970-0.12515.
If it directly breaks below 0.12970: The downside space opens up, do not bottom fish in the short term, patiently wait for stabilization signals near 0.12515 or 0.12022.
Overall thinking: The trend is bearish, and rebounds are shorting points. Do not go long before a significant bullish reversal occurs.
Advice for retail players: Control your hands and wait for the wind to come
For brothers who are trapped: If your position is heavy, be sure to reduce your position when rebounding to the 0.134-0.135 area, do not fantasize about a V-shaped rebound.
For those who want to operate with no positions:
The radicals: shorting with light positions near 0.13547, stop loss at 0.1415, target at 0.1297.
For steady traders: After breaking below 0.1297, wait for stabilization near 0.12515 before considering light positions to bet on a rebound.
Novices should remember: The Dog King is highly volatile, so positions should be lighter! Liquidity is poor during Christmas, with frequent spikes; always set stop losses when placing orders!
Operational suggestions (approximate points)
Resistance levels: 0.13547, 0.14125
Support levels: 0.12970, 0.12515, 0.12022
Short position thinking: Short near 0.13547, set stop loss at 0.14125, target at 0.1297-0.12515.
Long position thinking: Only for short-term experts, if a 1-hour bullish engulfing pattern appears near 0.12515 or 0.12022, light positions can be tried, and quick entry and exit are advised.
Xinying Conclusion:
Everyone knows the temperament of the Dog King; it goes crazy when it rises and even crazier when it falls! In the current bearish trend, following the trend is the way to go. Want to get the most accurate entry and exit points and real-time trend reminders? Follow Xinying, and let us analyze the market with a professional perspective, safeguarding profits in the fluctuations and avoiding deep pits! Tonight, let’s keep a close eye on the defense line at 0.1297!
If you do not know the specific entry and exit points, as well as for those holding positions, you canfollow Xinying 【Chat Room】where Iron Eagle will announce the daily coins and entry and exit points in Xinying Town 24 hours a day!!!
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