🐕🦺Can DOGE hold at 0.22? The main players are secretly battling on the four-hour chart, cutting leeks or turning around?🔥
DOGE dropped from 0.235 to 0.228, with a series of bearish candles, selling pressure is intense, and trading volume has surged, indicating clear signs of cutting leeks. The price is still hovering around the 30-day moving average, but the 7-day moving average has been broken, and the MACD has formed a death cross watching you.
Those who are over-leveraged should not act impulsively; if you see gains between 0.233-0.235, take them. For heavy positions, consider reducing by half first; maintain stability in the 0.225-0.230 range, and don’t loosen your stop-loss, set it below 0.22; for those in cash, wait for the price to return to the 7-day moving average or stabilize at 0.22 before entering, don’t blindly catch falling knives.
In the short term, stability is key. If you lose 0.22, be prepared for a drop to 0.215 as a bottom. The crypto world is brutal, and controlling your position is more important than anything else! Remember: the market is an emotional explosion scene; don’t lose your life in the madness of rising prices; staying calm is the way to survive!⚠️💥