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! ! DOGE holders must read this! !
Will DOGE rise to 0.5 USD this time? Or will it usher in a step-by-step decline! First of all, I bought Dogecoin at 0.15 USD and sold it at 0.25 USD. I said in the previous blog that I would clear all the altcoins on Sunday. In this situation, although it may rise again, I don’t plan to buy it again.
Dogecoin has now risen to 0.44 USD, which is the highest price in 4 years. After the election and the good news such as the interest rate cut, will the trend usher in a reversal? I already have an idea in my mind!
The ideas of Dogecoin futures holders change. After Trump was elected on the 6th, the total liquidation amount of Dogecoin was 6383 USD, of which the short position was 8231 USD and the long position was 5161 USD, and they were all liquidated at almost the same time. This shows that the market environment is very unstable, so as soon as the price rises, everyone will quickly take profits and leave.
From the technical indicator RSI, its value has exceeded 70, which means that Dogecoin is overbought. This situation shows that although the price of Dogecoin is rising, the momentum behind it that everyone is optimistic and thinks it will continue to rise may be decreasing. In other words, there are fewer people buying Dogecoin than before, or the pressure to buy Dogecoin in the short term is not so great.
Brothers, now it is only a bull market for big cakes, and the bull market for cottages has not yet started, so keep rational investment!
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