The callback of altcoins is not a risk; it's a 'ride the wave red envelope' given to retail investors by the main force. Today's plunge of DOGE is clearly a trap to lure short positions; those who understand are secretly picking up chips!
Today, looking at the 4-hour K-line chart of DOGE, one can easily see through the main force's routine: DOGE has been performing a 'descending triangle fluctuation' these days, suddenly plunging to around the support level of 0.147 in the morning. Newbies in the community immediately panicked and asked, 'Is it going to crash?' Some even sold at a loss — but this is not a real drop; it's a typical 'trap to lure short positions.'
First, let's analyze the technicals: In the 4-hour chart of DOGE, the bottom support level (0.145-0.148 range) is the 'strong support zone' from the last 3 days. The previous two times it retraced here, it quickly rebounded. After today's sell-off, the trading volume did not increase, indicating that it’s not real selling; the main force is using a small amount of chips to scare off retail investors. Looking at the RSI indicator, although it has dropped to around 55, it hasn't broken below the bullish line at 50. The MACD's DIF and DEA are still above the 0 axis, all of which are signals of 'false dips and real washes.'
Now let's combine it with the news: There is a key update in the crypto world today — Elon Musk's X platform (formerly Twitter) announced that 'it will support DOGE as a tipping token.' Although this news hasn’t trended, on-chain data has already reacted: the transaction volume of DOGE's whale addresses (holding over 100 million coins) has doubled around 0.147, clearly being preemptively positioned. This kind of 'news + technical' synergy reminds me of a similar case I saw in 2024: At that time, SHIB also had news about 'collaborating with a social platform.' The main force first sold off to wash positions, then the price rose by 40% in 3 days, and the retail investors who sold at a loss were severely punished.
My core opinion is very clear: Today's sell-off in DOGE is the 'final wash,' and it will inevitably challenge the resistance level of 0.153 next. Many newcomers often fall into the trap of 'panicking during a sell-off' and forget the rules of altcoins — before good news comes out, the main force must wash out weak hands; once the wash is over, a sharp rally follows. Now the 'baiting' in DOGE has ended, and around 0.147 is the 'golden entry point.' Hold until around 0.153 to take profit, which can yield at least 10%.
Let's be honest: Making money in the crypto world by trading altcoins has never relied on 'chasing pumps,' but rather on 'understanding wash trading.' In 2023, I guided my followers to invest in DOGE, during which the main force pushed the price down to around 0.07 to wash out weak hands. Many people sold at a loss, but after we bought in, the price rose by 35% in 5 days. The current market trend is completely consistent with that logic — before the main force wants to rally, they must clean out the floating positions.
The next actions are quite simple: now buy in lightly around 0.147, set a stop-loss at 0.143 (exit if it breaks support), and initially target 0.153. If it breaks, you can look at 0.158. Don’t be fooled by the main force's sell-off; this is an opportunity to make money. $DOGE
Twelve years in finance, an exclusive guide for pioneers in the crypto world: Insight into the market, moving forward steadily, paying attention to how the Heavenly Master teaches you to appreciate value steadily, with risks and opportunities coexisting in investments. Blind trading is a major taboo in the crypto world!