$DOGE is sending out a dangerous signal!
Current coin price 0.17703 is right on the edge of life and death at 0.17697. The latest bearish candle has violently broken through MA7 (0.17762) and MA30 (0.17818), with both moving averages forming a deadly cross downward like a mountain pressing down.
—— The resistance zone above 0.17760 to 0.17820 is solid! Don't be fooled by the decline of only 0.28% and the volatility of 0.40%+, the sudden increase in volume reveals the intentions of the main force: this is a test of critical support! Breaking below 0.17697 will inevitably trigger panic selling, and if the previous low of 0.17686 is broken, it will mean a declaration of a bear takeover of the market.
The moving average system has already clearly indicated a bearish arrangement; any rebound approaching 0.17760 is a money-making short position.
If I were trading contracts, I would directly wait for a rebound to short. If the market makers increase volume without any drop, they are likely running away secretly. Spot traders should stop dreaming about bottom fishing; if you have positions, quickly cut losses during the rebound to 0.17760!
Remember three deadly points: every rebound under the death cross is a trap, breaking 0.17697 will immediately crash, and Musk could turn against us at any moment. Today, blindly going short has a 70% win rate; keep a close eye on 0.17686, this last line of defense!
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