$DOGE This five-minute K-line plays like a wolf is coming, the opening directly violently pulled the price to $0.10834, just as I wanted to shout 'take off', it was deadlocked by the upper Bollinger band at $0.1098, barely closing around $0.107 with a 0.84% incremental rise, this wave of false breakout directly washed away the leveraged bulls' shorts. The three moving averages in yellow, blue, and purple twisted into a dead knot at the support level of $0.107, with MA5 volume shrinking to 39.66 million compared to the real market transaction of 101 million, the volume-price divergence could explode at any moment, which could uproot the inexperienced traders' old nests—historical data shows that with this structure, there's an 80% probability of triggering a pullback of more than 10%.
The doge operator just finished a match at 807 million DOGE at midnight, on-chain monitoring detected $150 million worth of chips being transferred between Binance and cold wallets, this self-directed performance pushed the trading volume up by 73%, clearly showing the art of trading for inexperienced traders. On the technical side, the MACD histogram shrank to the size of a toothpick, the KDJ value at 89 is pressing into the overbought zone, and the VOL bar looks starved like it hasn't eaten for three days—this combination has led to an average decline of 12% after the last three appearances, the doge operator is just waiting for a spike to trigger liquidation.
Above the pressure zone at $0.1098, there’s a wall of 230 million sell orders, the doge operator has buried options traps near $0.11, with bullish contract positions surging by 280%, which is clearly a trap for traders. Below, the support at $0.107 hides 580 million protective buy orders, but the midnight Asian session spike experts could come online at any moment, with an average spike amplitude of 8% over the last three Wednesdays, not placing stop-loss orders is tantamount to giving away your head.
On the news front, the rumor of Tesla payments sounds intimidating, but on-chain monitoring shows that whales are charging coins to exchanges at a rate of 3 million coins per minute, this selling pressure is enough to smash the price through the floor. In terms of operations, if it breaks below $0.107, directly reverse to go short, and if it breaks out above $0.1098 with volume, it’s possible to try a small long position, but remember that in that 101 million transaction in the morning, 74 million was for matched trading, the real buying volume is less than 30%—this kind of volume breakout is all fake moves.
The classic doge operator's routine: first pull the price to entice the bulls, then spike to trigger liquidations, especially fond of sneak attacks at midnight. Now, in this market, either wait for confirmation of a right-side breakout or sit at the oversold zone of $0.1041 to pick up bloody chips, entering at mid-price levels is just becoming a human target.
Remember, DOGE is following Bitcoin, if Bitcoin cannot break $97,000, all altcoins will go down with it!
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