Last night, did DOGE's sudden surge make you get up in the middle of the night to check the charts? It jumped directly from 0.1344 to above 0.15; this kind of increase usually takes a week, but now it was pulled up directly by a wave of crypto warmth. However, don’t just focus on your account turning red; tonight, this 0.15238 is the line between life and death, stepping wrong means a direct crash!
Message
Last night, the crypto circle was simply bombarded with good news! The world's second-largest asset management giant, Vanguard, opened the door to a Bitcoin ETF for 8 million clients, and American banks directly called for a 1%-4% allocation to digital assets; what's even more intense is that Trump hinted at Hassett taking over as Chair of the Federal Reserve, which is a 'dovish old friend' of the crypto circle. Coupled with the Federal Reserve's official announcement to end balance sheet reduction, the liquidity easing buff is fully stacked! The market surged wildly, and DOGE, as an emotional currency, naturally followed, but this is the 'market leading the charge,' not that it is inherently strong!
Technical aspect
The 4-hour chart shows a 'warming bull market' with MACD golden cross and increasing volume, surging from 0.1344 with strong momentum. However, the hidden risks lie in the details: it is currently stuck at the psychological pressure level of 0.15238; if it breaks, it can touch the previous high of 0.165. But the RSI has already soared into the overbought zone, which means 'the rise is too rapid, and the funds are about to be unable to hold on.'
If it can't break 0.15238 tonight and instead falls through the key level of 0.14423, then the previous gains could give back half.
My opinion
Don't get carried away by this surge! The good news belongs to the overall market, DOGE is 'riding the wave', and RSI overbought is a 'red light warning'. Tonight, it will either surge past 0.15238 and then pull back slightly, or it will directly drop from this position. Retail investors chasing the highs are likely to get trapped.
Guide for retail investors / beginners to save themselves:
For those holding positions: Reduce half of your position near 0.15238; if it breaks, keep half and look for 0.165. If it falls to 0.14423, clear out your position without hesitation.
For those who haven't entered the market: Don't chase! Wait for a pullback to around 0.145 to try a small position.
Remember: DOGE is an emotional coin. When good news pulls back, it drops faster than anyone else. Pay attention to Jinchan and participate in every attack by Jinchan! Jinchan will announce the specific entry time and real-time news in the chat room every day!#加密市场观察 $DOGE
