🐕🚀 Sudden movement.. but it’s normal! 🚀🐕
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📊 Many traders saw the sudden candle today and got scared, and I was the first to be disturbed by this, but the truth 👇:
✅ What happened is not a collapse at all, but profit taking + liquidation of high leverage positions after the price touched the upper limit of Bollinger (≈0.2400) and reached a peak of 0.2449, then it returned to the average ≈0.2337.
✅ This pattern is known: Squeeze → Expansion → Mean-Reversion = a recurring technical movement, not the beginning of a fall.
✅ The huge trading volume under the candle proves that it is sudden liquidations, not mass selling.
📢 News?
🚫 There is no specific negative news about DOGE.
⚡ The only engine today: the entire market is volatile due to the Federal speech (Jackson Hole) + liquidation of huge positions.
📈 Advanced technical analysis (DOGEUSDC):
Overall trend: neutral leaning towards up.
RSI≈50 ➝ no overbought/sold.
StochRSI≈82 ➝ just momentary cooling.
MACD is positive with fading momentum.
🔑 Current levels:
Supports: 0.2337 (pivot) → 0.231–0.232 → 0.228–0.227.
Resistances: 0.238–0.240 → 0.2449 → 0.250.
💡 Conclusion:
What happened = quick liquidation and profit taking, not a collapse.
As long as 0.2337 holds ➝ the closest scenario is a rebound towards 0.238–0.240.
Breaking it opens the way only to test 0.231 then 0.228.
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✨🚀 Trust the analysis… not the emotions 🚀✨
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