Bad news strikes twice! Dogecoin hangs by a thread at 0.227, are the main players digging a pit or burying people?

With bad news striking twice, even the Dogecoin holders are crouching! DOGE is dancing on a tightrope today, one misstep and it plunges into an abyss!

This morning, the U.S. unemployment claims and PPI data both sank, a definite "cold shower" for the crypto circle! Even Bitcoin is trembling, and our little Dogecoin is shaking even more — the price is being pressed around 0.230, looking like it's caught between a hot plate, unable to go up or down!

Upward attack? The ceiling is suffocating!

This position at 0.235 feels like it's welded shut, with 0.24 and 0.25 looming above like two mountains. The main players want to pull it up forcibly? They'd better check if last night's bad news agrees! There are slightly more sell orders than buy orders, clearly showing that the bulls are really timid right now, and no one wants to be the early bird!

The critical point is all about 0.227!

If you ask me, today's script for DOGE should focus on this number! If this position holds, it could manage to survive in the tiny gap of 0.227-0.235, playing a game of "survival in the cracks." But if it breaks down through 0.227 with volume? That would be a big problem! Below 0.22 and 0.217 are just paper-thin, while 0.21 is the real bottom card — but if it gets to that point, retail investors might lose their pants!

Mig's perspective:

The main players are definitely lurking right now! With negative data and prices hanging in the air, big funds will never be the active good Samaritans. I guess they are waiting with buy orders in the pits at 0.22 and 0.21, just waiting for the panic selling to come down and scoop up bloody chips! Remember last month's lesson when the CPI data caused DOGE to plummet 8% in one day — in a news-driven market, the slow-moving chives will be completely uprooted! #加密市场回调

Blind trading = losses! Stick closely to Mig, learn professional thinking and strategies, and say goodbye to "trading by feeling"! Tap on the profile picture, change starts with following!