Musk is deep in legal troubles, Dogecoin breaks through the upper Bollinger band! Is 0.20 the starting point or the endpoint? Retail investors must watch tonight!
News: Musk's backyard is on fire, will Dogecoin suffer?
Breaking news! OpenAI has sued Musk's 'circle of friends' non-profit organization in California, directly pointing to violations! Even more explosive is that OpenAI and Musk are tearing each other apart in court - Musk angrily accuses OpenAI of betrayal: 'You said you would serve the people, but turned around to make money!'
What does this mean for Dogecoin?
Musk is stretched thin: Legal troubles will inevitably distract him, the biggest 'spokesperson' for Dogecoin may struggle to promote on Twitter, market sentiment may cool down!
Risk appetite plummets: Big players are fighting, small investors are panicking. If the legal battle escalates, the entire crypto circle may be affected, and risk aversion sentiment is rising!
But! Reversal opportunities are hidden: If Musk wants to shift focus, suddenly promoting Dogecoin could lead to a rapid surge - not a dream! This is the psychological warfare that whales love to play!
Core conclusion: Short-term negative news! Musk's silence = Dogecoin lacks 'fuel', beware of sudden crashes!
Technical aspect: Bollinger upper band is being tested wildly, is 0.20 heaven or hell?
Current price 0.20, dancing close to the upper Bollinger band! This position is like walking a tightrope -
Strong signal: Stabilizing at the upper track = the upward channel opens, the next target directly rushes to 0.25!
Death trap: The upper track has been attacked for a long time without breaking = the main force lures the bulls, ready for a crash back to the middle track around 0.18 or even below 0.16!
Key indicators hide danger:
1-hour candlestick volume has not significantly increased, high suspicion of false breakout!
If MACD forms a high-level death cross, the crash alarm will sound!
Technical conclusion: Bulls are hanging by a thread! If it doesn't break 0.205 tonight, there will definitely be a wave of bloodbath!
Retail rescue strategy: Three tactics to cope with the storm of market changes!
Breakout chasing: If it breaks through 0.205 with volume, decisively increase positions, target 0.22!
Quick drop bottom fishing: If it falls to stabilize near the Bollinger middle track at 0.18, buy in batches to capture the rebound!
Lifesaving trick: For those with heavy positions at the current price of 0.20, immediately reduce positions by half! Unconditionally stop loss if it falls below 0.195!
Blood and tears warning: Musk's lawsuit + technical divergence, a double bomb could explode at any time! Better to earn less than to get trapped!
$DOGE
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