Watching the market today, the hourly K-line for Dogecoin is truly making my heart race—first it dropped, then it rose, currently stuck at 0.13687, caught in a dilemma. Should it break through the pressure at 0.1400, or turn around to seek support at 0.13505 or even 0.13251?
Under the surface of the news: Binance's move—opportunity or a smokescreen?
Binance has just announced the launch of the DOGE/USDI trading pair, along with the opening of trading bots and fee discounts. This seems favorable, but you must be careful—new trading pairs often come with significant volatility, especially after the participation of bots, which can amplify short-term fluctuations. Remember, a favorable condition does not necessarily indicate a buying point; it may instead be a time for others to offload their positions...
Current situation: There is pressure above and support below, which side are you on?
From the chart, 0.14000 above is a short pressure point, 0.14300 is a high pressure fortress; below, 0.13505 is the first line of support, and 0.13251 is a strong support bottom line. Currently, the MACD yellow and white lines have crossed above water, but the red bars are turning green, and trading volume is shrinking, indicating that the bullish strength is not yet decisive — here I leave a hook: why do they say 'the golden cross above water' can also be a trap? I will explain in detail later.
Shengyi's view: Follow the trend, layout in batches, and strictly set stop-loss. For example, if you are optimistic about Dogecoin, start placing batch orders around 0.13251, adding a bit each time it drops, while also setting a stop-loss line. This way, you won't miss out, nor will you be trapped.
How should players operate most reliably? Remember these two lines.
If you currently hold Dogecoin, focus on the range of 0.13800-0.13505 in the short term. If it can't rise close to 0.13800, consider reducing your position; if it falls to near 0.13505, you can try a small position for a rebound, but remember to set a stop-loss. If it breaks below 0.13505, the next stop is likely 0.13251, where it’s truly worth considering a batch layout.
If you are out of the market, don’t rush to chase — the overall trend is still weak, it’s better to miss out than to make a mistake. Real opportunities often arise when most people are in panic...
Are you the one who waits for the wind to come? When can you layout? Find Shengyi's chat room: 【1143032750】 Shengyi will announce in the village, see you at the feast in Shengyi village!
