【🔥$DOGE This position, both longs and shorts are betting their lives!】
Brothers, look at the chart and speak, don’t rush to act.
Currently, DOGE is priced at 0.09170, seemingly rebounding by 1.81%, but it is still firmly suppressed below MA7 (0.09278) and MA25 (0.09407). The daily MA99 is still hanging at a high of 0.11132, which is a typical bearish arrangement, with heavy selling pressure above.
From the volume perspective, the 24h trading volume is 628 million, but both the MA(5) and MA(10) volume moving averages are shrinking, indicating a rebound without volume, which raises suspicions of a trap. The previous high of 0.09533 was not reached, and the support at 0.08969 was tested again today; this position will likely need more time to consolidate.
My view:
Before breaking through 0.0935 with increased volume in the short term, all upward movements are just tricks. Brothers who want to buy should wait for confirmation on the right side, don’t guess the bottom. The market makers are currently just oscillating; it’s better to miss out than to get trapped.
The real market trend needs to wait for Bitcoin to make a statement first. In this position, observe more and act less; enduring this garbage time is what makes a winner.