Brothers and sisters, the $DOGE card cannot go up or down right now, it’s very frustrating.
Brother Li wants to clarify the situation with DOGE for everyone. There’s no major news today, but on-chain data is key. Early this morning, a certain exchange received 80 million DOGE worth about 16 million dollars, with a sell order of 270,000 dollars at the spot price of 0.203. Large funds are suppressing the price and preventing it from rising, so we need to keep an eye on this.
From a technical perspective, the 1-hour K-line Bollinger Bands are tightening, and the market is feeling anxious with fluctuations. The DOGE whales are waiting for us to chase the rise and fall to cut losses. The MACD fast and slow lines are sticking to the zero axis, the green bars are short, and without volume, it’s hard to break through. The RSI gives no signals, with bulls and bears in a stalemate. The overall market is turbulent, with large funds on the sidelines, making it hard for DOGE to stand out.
In the next three days, I feel there’s a high probability of being pressed down by the sell wall at 0.203. If it breaks 0.196, it could trigger a chain explosion of long positions, plunging to strong support at 0.17-0.15. Unless there’s an unexpected reversal where strong funds overturn the sell wall and stabilize, but with the giant whales suppressing the price, it’s difficult!
Current price is 0.20 short, add to the short position on a bounce at 0.202, with a stop loss at 0.206, and acknowledge if it breaks the upper band.
If it plummets below 0.196, pursue the short, targeting 0.192 → 0.17 for partial profit-taking. Don’t try to catch the bottom below 0.196; if the MACD hasn’t crossed golden, catching the bottom is a losing game.
Want to fight with the DOGE whales? Need precise strategies? Find Brother Li, and let’s dominate the crypto world together!