Are you feeling anxious watching DOGE's candlestick chart? Today’s market seems poised for a rebound, but why does it suddenly slip down? Don't worry, Nanxi will break it down for you in the most straightforward way to help you see the direction!
Current market sentiment: seems lively, but actually waits and sees
From this chart, you can see that although DOGE is still making its presence felt in the futures of these major platforms, being discussed alongside big players like BTC and SOL, to put it bluntly, it is not the main character right now. It's like a friend sitting in the corner at a gathering; someone mentions them, but no one really engages in conversation. In this atmosphere, big funds are waiting for a signal — either to buy the dip or chase the high. And you, should you wait or act early? But this precisely indicates that the main players have not really taken action yet. A true major market movement often erupts in silence and ends amid noise. If you follow the news to chase highs and cut losses, you risk being left behind.
If you don't know how to time your entries, you can follow Shengyi, who will provide real-time analysis in the village and give the current best entry points.
Technical truth: The downtrend is not yet over.
The candlestick chart is crucial! The four-hour line is clearly in a downtrend, and those so-called 'rebound resistance levels' 0.15834, 0.18482 now look like the moon in the sky—beautiful but unreachable. The MACD white line has formed a death cross below the zero line, which indicates: don't expect a violent surge in the short term. But pay attention! The support levels of 0.11026 and even 0.08416 are still some distance from the current price. Once touched, a rebound is very likely. The question is—can you hold out until then?
My viewpoint is very clear: I still see a bearish trend today, don't blindly catch falling knives. Currently, DOGE is in an overall downtrend, and the MACD white line has formed a 'death cross' below the zero axis, which is a very dangerous signal. Simply put, it's like a car going downhill with faulty brakes; inertia will take it to deeper places. There are significant resistance levels above in the short term, with 0.15834 being the first iron gate and 0.18482 being the ceiling.
Everyone's position size is different. It's recommended to find Shengyi, become a villager of Shengyi, and synchronize your entry and position building. Shengyi will help you plan your positions and control risks!
Practical advice from Nanxi
If you are still out of the market: Don't rush to catch the bottom! Remember one thing: 'Catching falling knives during a decline will leave you with sore hands.' Wait for the MACD yellow and white lines to form a golden cross again below the zero axis, or for the price to stabilize above 0.13445 before considering.
If you are already trapped: If there's a rebound to the range of 0.13445-0.15834, reduce your position! Reduce your position! Reduce your position! Leave some bullets to prepare for a real drop below 0.11 to pick up cheap.
The most stable move: Place staggered orders—buy the first batch near 0.11026, buy the second batch near 0.08416, and do whatever else you need to do during other times. The most feared traders by the market makers are those who don't stare at the screen, don't panic, and follow the plan.
Want to know the exact entry points and where to set the stop-loss for maximum safety? Nanxi has already provided reminders in the village. If you want to keep up, become a villager of Nanxi!
