Musk ignites, DOGE takes off; but fireworks are easily cold, beware of explosive bursts!
Core interpretation:
Elon Musk storm: Directly confront the powerful (forcing Trump out, threatening lawsuits), igniting market associations. History proves that statements like old Ma's (such as last year's 'Tesla accepts DOGE' leading to a 40% surge) easily stimulate DOGE to be hyped as a 'symbol of rebellion.' This time involving the 'list of the powerful,' the imagination space is even greater.
Technical crossroads:
Surface strength: Current price 0.1737 closely adheres to the upper Bollinger band, MACD golden cross red bars, short-term bullish signals are obvious.
Short-term support level 0.172:
If it breaks 0.177: Opens up the upward space, target 0.18-0.20, a large number of short positions above may trigger a 'short squeeze' surge.
Break below 0.170: Short-term trend destruction, fear of dropping to 0.16.
Tang Seng's view:
This market is a resonance hype of 'Musk's rhetoric + market sentiment + technical patterns.' DOGE is highly sensitive to Musk's statements, but the variables are huge (deleting tweets/contradicting can reverse). Technical indicators can easily fail in emotional markets.
Historical lessons: Similar news impulse markets (like in 2021) often come quickly and leave quickly, easily becoming a tool for traders to harvest profits. Beware of the FOMO (fear of missing out) trap.
Tang Seng suggests:
Radicals: Light positions ambushing long orders at the current price, a valid breakout above 0.177 can cautiously add positions, target 0.185. Strict stop-loss!
Conservative faction: If it breaks below 0.172 then small positions quickly short for a pullback, swift action.
Lifeline rules:
Must set a stop-loss! Plan the losses you can afford in advance.
Keep an eye on Musk/Trump dynamics! Any reversal signals like deleting tweets or counterattacks, retreat immediately!
Refuse to go all-in! Surviving under extreme volatility is the most important.
"Is 0.177 the dragon gate or the ghost gate? Musk’s finger is the starter pistol! Is it rocket launch or mining disaster? Tonight will tell! Leave your battle plan in the quick review and witness the storm moment together! 🔥"
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