Goodness! The fact that $DOGE is close to this moving average means safety? Purely misleading!
Now it's been hovering around 0.1980 for a while, and the bulls haven't made a decent charge at all.
The key resistance is firmly capped above 0.199, and the market clearly shows several large sell orders from 0.1997 to 0.1999, with the market maker just waiting to harvest.
The trading volume is incredibly poor, a mere 21 million, barely touching the average volume of 40 million, a typical sign of lack of confidence.
The latest price is swaying at 0.1979, and looking at the order book, there’s even a negative premium, a pure fishing setup. The news front is terrifyingly quiet, and the random shouting in the community cannot be taken seriously.
Key points to focus on:
1. Sell orders are layered as resistance above 0.1980. Only a huge volume breakout past the 0.200 mark counts as a true breakout;
2. The key support below is the MA7 at 0.1966. If this level breaks down, it will directly trigger panic selling.
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