DOGE Afternoon Market Interpretation and Strategy Reference
First, let's review DOGE's recent operations. The long position strategy provided last night has successfully achieved profit taking.
Golden Cross Confirmation: The 50-day moving average has crossed above the 200-day moving average for the first time since the end of 2024. Historical similar patterns have triggered a 130% increase.
Focusing on the afternoon DOGE market, key dynamics have emerged: a mysterious whale has significantly increased their holdings by 1 billion DOGE (worth approximately $200 million) within 24 hours. This action has pushed the proportion of large holders' positions close to 50% of the total supply, significantly reducing market selling liquidity and providing strong support for the market.
Combining the current market pattern and capital trends, the afternoon operational strategy will still focus primarily on low long positions. It is recommended to pay attention to the 0.2210-0.2170 range for opportunities to go long, with a short-term target initially looking at 0.2280-0.2380. We will also continue to track market changes to help everyone grasp the market rhythm more accurately. #doge