Regarding doge, I mentioned in yesterday's post that the possibility of doge going down is a bit higher (I personally opened a short position). Of course, I didn't say it would go down 100%. Here, I have drawn the chart showing the potential upward movement for those who want to go long.

Next, I will review my operations on doge from yesterday. From Chart 2, we can see that this is a contracting triangle. One misunderstanding that most people have is thinking that a contracting triangle will immediately show a direction, which is actually a misinterpretation. At the end of a contracting triangle, the market starts to try out directions, rather than determining a direction. The market tests upwards, tests downwards, and finally stabilizes and determines a direction in one of those attempts. Some people rush in as soon as they see a rise, which makes them easily trapped, while I personally hold a bearish view. Therefore, when the first 15-minute candlestick shows a bearish candle at the key resistance level in doge, I enter a short position, setting my stop loss at the key resistance level. All of this can be verified with real trading records.

Trading is not about predicting rises or falls; it's about knowing what to do when a certain level rises or falls, and whether continued sideways movement increases the probability of a rise or a fall. The rest is just gambling with a stop loss. There's no need to look down on those who open short positions while you go long; it's all a gamble, and as long as you can afford to lose, that's what matters. #加密市场回调 #DOGE冲冲冲 #doge⚡