$DOGE : Is sentiment around Dogecoin not at its lowest yet?
DOGE has fallen another leg, hitting a low near 0.0777.
Coins like this are especially prone to two extremes: when they rise, people think they can still double; when they fall, people think they can’t possibly get any cheaper. The result is that momentum chasers refuse to leave, while dip buyers keep buying as the price falls.
#DOGE冲冲冲
I don’t want to judge it by saying “it’s fallen so much, it has to go up.” What’s more worth watching is whether there’s sustained buying support near 0.0777. If buyers step in as soon as the price touches this level, that would show someone is willing to buy.
If each rebound gets weaker, what seems like a bottom may just be a temporary pause.
@Btc颜言
One more thing to keep in mind: if DOGE surges quickly and then gets pushed back down just as fast, don’t rush to treat that bullish candle as a reversal. In a weak market, a rebound may simply give trapped holders a chance to exit.
We can talk about DOGE’s shifting sentiment in 策略群 and see whether this time there are more opportunities or more traps.
#合约带单
DOGE has fallen another leg, hitting a low near 0.0777.
Coins like this are especially prone to two extremes: when they rise, people think they can still double; when they fall, people think they can’t possibly get any cheaper. The result is that momentum chasers refuse to leave, while dip buyers keep buying as the price falls.
#DOGE冲冲冲
I don’t want to judge it by saying “it’s fallen so much, it has to go up.” What’s more worth watching is whether there’s sustained buying support near 0.0777. If buyers step in as soon as the price touches this level, that would show someone is willing to buy.
If each rebound gets weaker, what seems like a bottom may just be a temporary pause.
@Btc颜言
One more thing to keep in mind: if DOGE surges quickly and then gets pushed back down just as fast, don’t rush to treat that bullish candle as a reversal. In a weak market, a rebound may simply give trapped holders a chance to exit.
We can talk about DOGE’s shifting sentiment in 策略群 and see whether this time there are more opportunities or more traps.
#合约带单