0.13 dollars reveals a giant whale buying in at 300 million! $DOGE plummeted 50% - is it a trap or a golden pit?
A single tweet determines life and death, DOGE's daily chart plays out a 'cat-and-mouse game between the whales and retail investors - either follow the trend and profit or get cut like leeks!
Remember! Sideways movement is not lying flat, but building momentum!
1. Technical aspects!
1. MACD indicator - DIF (0.00125) is being pressed to the ground by DEA (0.00191), MACD bars shrink to -0.00132, a solid 'death cross' structure!
2. The trading volume is even more dismal - actual trading of 1.667 billion DOGE, nearly 60% less than the estimated 4.055 billion, a typical 'low volume sideways market playing dirty'.
3. Looking at the moving averages, MA5 (0.48 dollars) and MA10 (0.46 dollars) have formed a death cross, the current price (0.486 dollars) is stuck in the moving average squeeze, caught between a rock and a hard place, dropping below 0.45 dollars would mean a bear party!
2. News aspects!
1. Musk hasn't mentioned DOGE on Twitter for a week, community faith collapses, even memes are too lazy to post;
2. A certain whale sold 500 million DOGE, directly smashing through the psychological barrier of 0.5 dollars; but strangely, on-chain monitoring shows another whale sneaking in 300 million DOGE around 0.13 dollars, clearly a 'smash the market and then buy the dip' strategy to cut the leeks!
3. Retail investors now feel like 'ants on a hot pot' - chasing the rise fearing to get stuck at the peak of 0.5 dollars, buying the dip fearing to drop to the basement at 0.13 dollars. But remember, the whales love to play 'double explosions' in this kind of volatile market, before a crash there must be a wave of false rises, if you have no position, don't get overly excited!
I am Chan Zhong Tan Zen, supported by a top-tier team, only serving those with vision and ambition!