DOGE sudden signal! Is 0.166 a trap or a profit? This trend is quite exciting——MACD golden cross, looking like it's about to take off? Next, I will break it down for everyone
News: Institutions haven't moved, retail investors are holding strong
DOGE spot ETF's net inflow in a single day is only $177,000, this amount of funds is far behind mainstream coins! This indicates that large funds are still observing, and the current rise is driven by retail and short-term funds, the market comes quickly and goes quickly, chasing highs easily leads to standing at the peak.
Technical analysis: Bulls have signals, but the volume is weak
Good signals: MA moving averages are spreading upwards, MACD golden cross standing above the 0 axis, short-term trend shifting from bearish to bullish;
Resistance levels: 0.166, 0.187! If the volume doesn’t keep up, 0.166 will likely encounter resistance and pull back, currently 0.187 is just a “pie in the sky”, breaking through is difficult;
Support levels: 0.12, 0.1! Rising without volume is not real, once it drops below 0.12, the sentiment will collapse, and it will quickly drop to 0.1 to find support.
Personal opinion: The news determines direction, unemployment insurance data is key
Tonight's focus is on unemployment insurance data:
If favorable, DOGE may surge to 0.15, and after stabilizing, first look at the 0.158 resistance; breaking through these two points is necessary to hope to touch 0.166;
If unfavorable, there will be fluctuations and declines, first look at 0.14, 0.136 support, near 0.136 can try to go long with a small position.
Retail investor operation guide
Already holding: Reduce positions in batches in the 0.158-0.16 range! Settle down for safety, don’t wait until it drops to regret;
Empty position: Don’t chase the highs! Wait for a pullback to support before building positions in batches, the crypto world lacks opportunities, but lacks patience.
