Did you escape this wave of Dogecoin's decline today? Look at the chart: the 1-hour K-line has already clearly told you: the downtrend is not over.
The news is hiding a deadly trap: Musk's 'double-edged sword'.
Today, Yahoo Finance reports: Musk is cutting 9% of government employees while letting government spending soar to $7.5 trillion.
What does this indicate? Efficiency hasn't improved, but money is being spent more fiercely.
This is not good for Dogecoin — Musk's 'halo' is fading. He has recently resumed donations to the Republican Party, and political actions are more frequent than shouting orders. The crypto world should be cautious: once the big shots get 'distracted', the narrative power of Dogecoin weakens.
Current market situation: underwater dead cross, rebounds are just opportunities for you to run away.
The MACD yellow and white lines are all below the 0 axis, a typical "underwater dead cross"—this is not an adjustment, but a signal of a trending decline. The shrinking volume indicates that bottom-fishers have not entered the market on a large scale yet, and the market is not in panic. But Nanxi reminds you: real sell-offs often occur when you think a rebound should happen.
Nanxi's stable operations for players (here's half of it; if you want to know more, find Nanxi):
The trend is downward, and rebounds are false breakouts. The key resistance near 0.133/0.136 is an opportunity to short on highs, not a time to chase up. The support area is initially seen between 0.129-0.1264, which can be taken lightly for a rebound; if it breaks, then look down near 0.1236, at which point consider gradual positioning. In terms of operations, holders should reduce positions on rebounds and set stop losses on breakouts; bottom-fishers need to patiently wait for the support area, with strict risk control. Go with the trend and avoid fighting against it.
If you don't know how to time your entries, you can follow Nanxi, who will analyze in real-time in the village and provide the current best entry points.
If you don't want to miss the next rebound starting point, find Nanxi; I won't sleep tonight, I'll accompany you to watch the market. Dogecoin hasn't found its bottom yet, but after the plunge, there will definitely be a rebound.
The key is whether you can catch that "turning point." I am Nanxi, not only analyzing the market but also teaching you how to survive.
If you don't know the specific entry timing and exit points, as well as for fans who are holding positions, you can follow Nanxi, who will publish daily coins and entry points in Nanxi village 24 hours a day.
