$1MBABYDOGE

I just observed on the 1M BABYDOGE chart that the price has entered a clearly Premium area, which is a signal of market premium in the short term. The price has broken through the previous high and touched the Weak High area, with trading volume increasing during this process, indicating strong bullish sentiment. Such a rapid surge often carries significant speculative characteristics, especially near strong resistance levels, where bullish strength may be nearing exhaustion.

From a structural perspective, the price has shown multiple CHoCH signals during the rally, which is typically a sign of a shift in the balance of power between bulls and bears. Combined with the previous BOS signals, it can be inferred that there is a 75% chance the market will enter a correction phase.

The current price has also moved far away from the Equilibrium area, and the market always tends to revert to equilibrium, which makes me more inclined to attempt shorting (although I never go long).

Since this is my first exposure to the BABYDOGE cryptocurrency, this trade leans towards seeking steady gains. I only used 2x leverage and half a position to test the waters, and although my position is relatively light, it is based on cautious considerations. Looking back at this week's trading, I initially started with 150 USDT to test the waters, but after continuously optimizing my strategy, my account funds have risen to 440 USDT, nearly tripling my returns.

The market's volatility and opportunities are everywhere; the key is to catch a rhythm that suits you and not to be blindly aggressive.