Dogecoin has recently experienced a fierce rally, causing some chaos in the entire market. Small-cap coins are taking off, and the main market is dancing along. However, behind this wave of行情, the risks are actually quite significant.
Carefully examining the charts, there are too many trapped chips above, and the pressure levels are heavily stacked. The key point is that the larger timeframes are already showing obvious overbought characteristics. At such times, do not be fooled by the涨幅—deep corrections could come crashing down at any moment.
From a technical perspective, the current position already meets my criteria for opening a short position.
**Specific operational ideas:**
Gradually establish medium- to long-term short positions within the 0.152-0.154 range, with a stop-loss set at 0.18, and target the 0.08-0.05 zone. Even if market sentiment is high, be prepared for a possible reversal.
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GateUser-1a2ed0b9
· 01-07 07:53
Dogecoin's recent move is really a bit outrageous, but I think your short position might be a bit early.
Wait, you're planning to position at 0.152? Feels like it hasn't topped out yet...
The pressure buildup is accumulating, but when retail investors go crazy, no one can stop them. At this rate, there might be another surge.
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GasFeeNightmare
· 01-04 10:53
Dogecoin this time is really crazy, but I increasingly feel that the piled-up chips above are like a time bomb.
When a wave hits, someone will get liquidated. Can you guys who chase the high withstand it?
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NFTFreezer
· 01-04 10:42
The harder it rises, the sharper the pullback. This wave of dog coins is indeed dangerous... With so many trapped chips, I'm also considering shorting.
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MEVictim
· 01-04 10:31
Overbought, this pressure zone is probably going to break. I'm just waiting to buy the dip.
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0.152 to short? Brother, you're pretty bold. This wave of Dogecoin is really crazy.
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Every time they say there's a correction, it ends up rising again. I'm speechless.
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Speaking of which, with so many trapped chips, the rebound space shouldn't be small either.
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Waiting to see a reversal. Feels like a trend change is imminent.
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Short positions are reasonable, but don't be too greedy. Make sure to stick to your stop-loss.
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Small altcoins are all flying, but Bitcoin is still hesitating. This market looks interesting.
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Can it really reach 0.08? Just hearing about it is nerve-wracking.
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Another technical analyst, but the logic is still clear.
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There are probably quite a few people confused by the price increase, and there should also be many bagholders.
Dogecoin has recently experienced a fierce rally, causing some chaos in the entire market. Small-cap coins are taking off, and the main market is dancing along. However, behind this wave of行情, the risks are actually quite significant.
Carefully examining the charts, there are too many trapped chips above, and the pressure levels are heavily stacked. The key point is that the larger timeframes are already showing obvious overbought characteristics. At such times, do not be fooled by the涨幅—deep corrections could come crashing down at any moment.
From a technical perspective, the current position already meets my criteria for opening a short position.
**Specific operational ideas:**
Gradually establish medium- to long-term short positions within the 0.152-0.154 range, with a stop-loss set at 0.18, and target the 0.08-0.05 zone. Even if market sentiment is high, be prepared for a possible reversal.